EX-99.1 2 d575330dex991.htm EX-99.1 EX-99.1
Table of Contents

Exhibit 99.1

 

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Due Diligence Narrative Report  
May 18, 2018  


Table of Contents

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TABLE OF CONTENTS

 

Clayton Contact Information

     3  

Overview

     3  

Clayton’s Third Party Review (“TPR”) Scope of Work

     3  

Sampling

     3  

Sponsor Acquisition Criteria

     4  

Loan Grading

     4  

TPR Component Compliance Review Scope

     4  

Credit Review

     4  

Property Valuation Review

     5  

Regulatory Compliance Review

     5  

Data Integrity

     6  

Clayton Due Diligence Results

     6  

Data Compare Results

     8  

SPI2 2018 Transaction-Loans Included from Prior SecuritizationTransactions

     8  

Clayton Third Party Reports Delivered

     10  

Appendix A: Credit Review Scope

     10  

Appendix B: Origination Appraisal Assessment

     13  

Appendix C: Regulatory Compliance Review Scope

     15  

EXHIBIT A: DATA ELEMENTS

     20  

 

 

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  CLAYTON CONTACT INFORMATION

 

Client Service Management:

  LOGO    Jason Luttenberger   

Client Service Manager

Phone: (203) 926-8021/E-mail: jluttenberger@clayton.com

  LOGO    Joe Ozment   

Director of Securitization

Phone: (813) 261-0733/E-mail: jozment@clayton.com

 

 

  OVERVIEW

 

On behalf of The Federal Home Loan Mortgage Corporation (“Freddie Mac”), Clayton conducted an independent third-party pre-securitization due diligence review of residential loans selected for the Freddie Mac STACR 2018 SPI2 transaction. The loans referenced in this narrative report were reviewed on a pool loan basis from January 2018 to April 2018 at Clayton’s centralized underwriting facilities in Tampa. This narrative report provides information about the scope of work performed by Clayton, and the results of Clayton’s review.

 

 

  CLAYTON’S THIRD PARTY REVIEW (“TPR”) SCOPE OF WORK

 

The scope of work for this transaction consisted of credit, property valuation, and regulatory compliance reviews, plus a data integrity check.

 

 

  SAMPLING

 

A total pool of 350 loans was reviewed by Clayton between January 2018 and April 2018. These 350 loans were randomly selected by Clayton from an original pool of 19,354 loans.

Review Type Loan Counts based on original 350 loan sample:

 

  Review Type

     

Loan Count

Reviewed by Clayton

      Scope Applied
                     

  Full Review

 

      75       Clayton performed a Full Review. This review consisted of Credit, Property Valuation and Regulatory Compliance
                     

  Credit Only   Review

 

      275       Freddie Mac elected to have Clayton conduct a Credit Only Review. The Credit Only Review consisted of Credit and Property Valuations.
                     
  Total Loan   Population       350      

 

 

 

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  SPONSOR ACQUISITION CRITERIA

 

The loans were originated to Freddie Mac Product Guidelines.

 

 

  LOAN GRADING

 

The Sponsor Acquisition Criteria referenced above served as the benchmark for grading loans from a credit underwriting, property valuation and regulatory compliance perspective, as applicable. Each loan received an “initial” and a “final” grade. The “initial” grade was assigned during the initial loan review. The “final” grade takes into account additional information and supporting documentation that may have been provided by the originators to clear outstanding conditions. Clayton’s loan grading is solely based on Clayton’s independent assessment of all guideline exceptions and compensating factors for each of the component reviews. Clayton is providing a comprehensive loan-level analysis as part of this pre-securitization reporting package that includes initial grades, final grades and detailed commentary on the rationale for any changes in grades, and sets forth compensating factors and waivers.

 

      Compliance
Grade Description    Multiple*      S&P  

No exceptions noted

   A    RA

Satisfied (previously material) exceptions

   A    RA

Non-material exceptions noted

   B    RB

Material, exceptions noted

   C    RC

Material documentation missing

   D    RD

 

  * This grade definition is used by multiple entities, including Moody’s, Kroll, DBRS, Morningstar, and Fitch.

 

 

  TPR COMPONENT REVIEW SCOPE

 

Clayton examined the selected loan files with respect to the presence or absence of relevant documents, enforceability of mortgage loan documents, and accuracy and completeness of data fields. Clayton relied on the accuracy of information contained in loan documentation provided to Clayton.

 

CREDIT REVIEW

Clayton’s Credit scope of review conducted on this transaction included the following elements (for more detail, please refer to Appendix A and to the guidelines cited above):

 

    Assessed whether the characteristics of the mortgage loans and the borrowers conformed to the Sponsor Acquisition Criteria cited above;

 

    Re-calculated LTV, CLTV, income, liabilities, and debt-to-income ratios (DTI) and compared these against the Sponsor Acquisition Criteria;

 

    Analyzed asset statements in order to determine whether funds to close and reserves were within Sponsor Acquisition Criteria;

 

    Confirmed that credit scores (FICO) and credit histories were within Sponsor Acquisition Criteria;

 

    Evaluated evidence of borrower’s willingness and ability to repay the obligation;

 

 

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  PROPERTY VALUATION REVIEW

Clayton’s Property Valuation scope of review conducted on this transaction included the following elements:

 

    Original Appraisal Assessment

 

  - Clayton reviewed the original appraisal provided to determine whether the original appraisal was complete and thorough.

 

  - For more detail on the original appraisal review scope and desk review definitions, please refer to Appendix B and to the guidelines cited above.

 

    Value Supported Analysis Summary

Clayton applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third party valuation product.

AVM Results

1. Automated Valuation models (AVM reports) were ordered on all 350 loans sampled. The results of the AVM orders are as follows:
  a. 238 AVM results supported the original appraised value within a -10%.
  b. 71 AVM results had a variance over - 10% of the original appraised value.
  c. 41 AVM results contain no hits due to the lack of available data in the property location area.

Desk Review Results

2. Appraisal Risk Review (ARR) reports were ordered on the 71 AVM results with a variance over -10% and the 41 AVM results with no hits due to the lack of available data, for a total of 112 ARR orders. The results of the ARR orders are as follows:
  a. 110 ARR results supported the original appraised value within a -10%.
  b. 2 ARR result results had a variance over -10% of the original appraised value.

Field Review Results

3. Field Reviews were ordered on the 2 loans where the ARR results were returned inconclusive due to the lack of available data in the property location. The results of the 2 Field Reviews are as follows:
  a. 2 of the Field Reviews were within -10% of original appraised value.
  b. 0 of the Field Reviews results had a variance over -10% of the original appraised value.

 

REGULATORY COMPLIANCE REVIEW

Clayton’s Regulatory Compliance scope of review conducted on this transaction included the elements summarized below. (For more detail, please refer to Appendix C and to the guidelines cited above.)

Clayton utilized its proprietary eCLAS engine for regulatory compliance testing.

Clayton’s Anti-Predatory Lending (APL) Law Compliance Review conducted on this transaction included the elements summarized below:

 

    The mortgage (including refinances) exceeded annual percentage rate (APR), points and fees thresholds under the Home Ownership and Equity Protection Act (HOEPA) and certain state APL laws and regulations that impose assignee liability.

 

    Borrowers paid for or financed prepaid single premium credit life, credit disability, credit unemployment or credit property insurance policies in connection with the mortgage.

 

    Mortgage documents contained mandatory arbitration clauses.

 

 

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    Higher-priced mortgage loans contained prohibited features, including prepayment penalties exceeding three years; adjustable interest rates with periods less than seven years; or five-year balloon payment or reset features;

 

    Mortgages had prepayment penalties.

 

    Effective for all owner-occupied loans (including second homes) mortgages with loan applications dated on or after 10/3/15 confirmed the presence of the new Closing Disclosure.

 

    Truth-in-Lending and HUD-1 documents were still required for loans with application dated on or before 10/2/15.

 

    Investment property transactions, 2-4 unit properties and Co-ops are excluded from this requirement. However, if a Closing Disclosure was received on an investment property, 2-4 unit or Co-op rather than a HUD-1, the Closing Disclosure may be accepted.

 

 

  DATA INTEGRITY

 

Clayton utilized its proprietary eCLAS tool to determine tape to file accuracy of each reviewed loan, by completing the following steps:

 

    Tape data received from lender/client is stored in eCLAS;

 

    Loan Reviewer collects validated loan data in eCLAS;

 

    Each received data point is compared to its counterpart collected data point;

 

    Discrepancies found during comparison are stored

 

 

   CLAYTON DUE DILIGENCE RESULTS

 

Below are the initial and final overall loan grades for this review, as well as the credit, property valuation, and regulatory compliance component review grades.

Initial and Final Overall Loan Grade Results

Bulk Loan Pool (350 loans)

 

     Overall Grade Migration
     Initial
Final             A            B            C            D        Total
   A    189    3    73    66    331
   B       4    2    7    13
   C                0
   D             6    6
   Total    189    7    75    79    350

The overall grade summary reflects the combination of the credit, property valuation and regulatory compliance component reviews into one overall grade. The overall grade assigned is the most severe grade from each of the component reviews.

 

 

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Initial and Final Credit Component Grade Results

 

     Overall Grade Migration
     Initial
Final             A            B            C            D        Total
   A    279    3    13    36    331
   B       6    3    4    13
   C                0
   D             6    6
   Total    279    9    16    46    350

Initial and Final Property Valuation Grade Results

 

     Property Valuation Grade Migration
     Initial
Final             A            B            C            D        Total
   A    238       71    41    350
   B                0
   C                0
   D                0
   Total    238    0    71    41    350

Initial and Final Regulatory Compliance Grade Results

 

     Compliance Grade Migration
     Initial
Final             A            B            C            D        Total
   A    75             75
   B                0
   C                0
   D                0
   Total    75    0    0    0    75

 

 

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 DATA COMPARE RESULTS

 

Clayton provided Freddie Mac with a copy of the Loan Level Tape Compare Upload which shows the differences between the data received by the sellers versus the data captured by Clayton during the loan review.

Summary of data compare results:

 

Field Number    # of loans    Accuracy %
Credit Score    3    99.14%
First Time Home Buyer    3    99.14%

Loan Purpose

   1    99.71%

Mortgage Insurance Percentage (MI%)

   1    99.71%
Original Combined Loan-To-Value (CLTV)    5    98.57%
Original Debt-To-Income (DTI) Ratio    11    96.86%
Original High Combined Loan-to Value (HCLTV)    6    99.43%
Origination Channel    6    98.29%
Property Type    3    99.14%
Property Valuation Date    4    98.86%
Property Valuation Type    2    99.43%

 

 SPI2 2018 TRANSACTION-LOANS INCLUDED FROM PRIOR SECURITIZATION TRANSACTIONS

 

Summary

Clayton was engaged to conduct a review of certain aspects of mortgage loans that had been intended for previous securitization transactions. A total of 24 loans, excluded from prior securitization transactions after having had due diligence performed, are now being included in the 2018 SPI2 Reference Pool. Clayton employed the same process in the review of these loans that is described in this Narrative and the results are included below.

Credit Reviews

Below is a summary of the final credit grades that were received by the 24 loans:

 

Final Credit Grade    Number of Loans
A    13
B    4
C    6
D    1

 

 

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Property Valuations

 

1. AVM Results

Automated Valuation models (AVM reports) were ordered on all 24 loans (including 2 loans approved under Freddie Mac’s Automated Collateral Evaluation (ACE) program). The results of the AVM orders are as follows:

  a. 17 AVM results supported the original appraised value within a -10%.
  b. 5 AVM results had a variance over - 10% or the original appraised value.
  c. 2 AVM results contain no hits due to the lack of available data in the property location area.

 

2. Desk Review Results

Appraisal Risk Review (ARR) reports were ordered on the 5 AVM results with a variance over -10% and the 2 AVM results with no hits due to the lack of available data, for a total of 7 ARR orders. The results of the ARR orders are as follows:

  a. 3 ARR results supported the original appraised value within a -10%.
  b. 1 ARR result had a variance over -10% of the original appraised value.
  c. 1 Loan was not able to have a Desk Review ordered due to the appraisal being missing.

 

3. Appraisal Desktop with Inspection Results

Appraisal Desktop with Inspections (ADI) were ordered on the 2 loans where an ARR could not be obtained due to the loans being approved under Freddie Mac’s Automated Collateral Evaluation (ACE) program. The results of those 2 ADI orders are as follows:

  a. 2 of the ADI results had a variance over -10% of the original value.

 

4. Field Review Results

A Field Review was ordered on the 1 loan where the ARR results had a variance over -10% of the original appraised value. The results of the field review are as follows:

  a. 1 field review had a variance over -10% of the appraised value.

Compliance Reviews

Six of the 24 loans were part of the Dual Review Sample and no Compliance defects were found.

Data Integrity Review

Clayton provided Freddie Mac with a copy of the Loan Level Tape Compare Upload which shows the differences between the data received by the sellers versus the data captured by Clayton during the loan review.

 

Field Number    # of loans

Original Loan-To-Value (CLTV)

   1
Original High Combined Loan-to Value (HCLTV)    1
Original Combined Loan-To-Value (CLTV)    1
Original Debt-To-Income (DTI) Ratio    3
Property Valuation Date    1

 

 

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 CLAYTON THIRD PARTY REPORTS DELIVERED

 

Clayton furnished the following reports on this transaction:

 

  1. Narrative Report
  2. Conditions Report
  3. Loan Level Tape Compare Upload
  4. Waived Conditions Summary Reports
  5. Valuations Summary Reports
  6. Attestation Forms

 

 APPENDIX A: CREDIT REVIEW SCOPE

 

For each mortgage loan, Clayton performed a guideline review utilizing specific guidelines furnished at the time of the review.

Credit and Data Validation Review

I. CREDIT

 

  A. Charter/Flood/Mortgage Insurance (MI): Confirm the loan is eligible as follows:
  1. Secured by a residential property located within any of the 50 states, the District of Columbia, Guam, Puerto Rico or the U.S. Virgin Islands.
  2. Original unpaid principal balance must not exceed the maximum original loan amount.
  3. Secured by a residential property consisting of 1-4 dwelling units.
  4. Has a completed Standard Flood Hazard Determination (SFHD) Form; if the property is in a flood zone, confirm that flood insurance is present.
  5. Has sufficient MI coverage in place.

 

  B. Credit
  1. Confirmed the credit report is complete and any credit fraud alerts have been properly addressed.
  2. Confirmed the appropriate credit score was used and that it meets requirements.
  3. Confirmed the borrower credit reputation is acceptable by evaluating the following factors:
  a. The type and amount of credit outstanding.
  b. How long the borrower has had credit.
  c. How the borrower uses available credit, including revolving balances-to-limits.
  d. Recent changes in the number of open accounts or overall amount of credit outstanding.

 

 

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  e. The payment history and status of all accounts.
  f. If the mortgage or rental payment history documentation meets requirements.
  4. Reviewed credit inquiries shown on the credit report and consider any new credit obtained.

 

  C. Capacity
  1. Income/Liabilities
  a. Required income documentation was available and readable. Noted any indication of alterations to the documentation or signs of potential misrepresentation and fraud.
  b. All borrowers contributing income to loan qualification had required documentation.
    Confirmed income was calculated in accordance with requirements.
    If income was determined to be different than what was provided, recalculate the income as per requirements.
  c. Determined that all liabilities listed on the credit report or other file documents are appropriately included or excluded in the calculation of the debt-to-income ratio.
  d. If income and/or liabilities were different than delivered, recalculated the debt-to-income ratio.

 

  2. Assets
  a. Confirmed that assets required to complete the transaction were properly documented and meet requirements.
  b. Determined whether monthly reserves meet requirement.

 

  D. Collateral
  1. Analyze the property appraisal, photos and addenda for compliance with requirements and consistency with other file documents.
  2. Order a Retrospective Automated Valuation Model (AVM) as of the appraisal date. The result of such will be compared to the original appraisal.
  3. Indicate any findings associated with
  a. The original appraised value
  b. Guide requirements
  c. Standard appraisal industry protocol
  4. Determine if one or more of the following conditions are met:
  a. The AVM value is more than 10.00% less than the original appraisal value or
  b. There are inconsistencies or problems with the original appraisal that in the Third Party Due Diligence Vendor’s opinion necessitates further clarification, and/or
  c. The effective date of the appraisal is more than 120 days before the Note date.
  5. If one or more of the conditions above exist, then review the loan file for an existing secondary valuation review that was obtained as part of the Freddie Mac post funding QC process. If none exists, then perform a second-level valuation review including the ordering of an enhanced product (e.g., ProTek ARR) to further assess the value of the property as of the property valuation date.

 

 

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  6. If the Desk Review Value is more than 10.00% less than the original appraised value or the Desk Review Value is indeterminate, order a tertiary value of the property in the form of a retrospective field review or other acceptable product for ACE Loans (e.g. ProTek ADI) to determine value.

 

  E. Eligibility -- Confirmed the loan was eligible for sale to Freddie Mac.

 

  1. Determined that reasonable compensating factors exist for any of the following attributes that fall outside requirements:
  a. FICO score
  b. Debt-to-income ratio
  c. Assets and/or reserves
  d. LTV/TLTV/HTLTV, (TLTV/HTLTV also known as CLTV/HCLTV)
  e. Applicable program eligibility criteria for occupancy and loan purpose
  2. Reviewed automated underwriting system (AUS) feedback certificate to determine that AUS results were based on accurate data and all conditions were met; if not, the AUS result is invalidated and eligibility should be determined as a manually underwritten loan.
  3. Confirmed loan application is signed by all borrowers; if not, confirm the file contains the appropriate signed borrower authorization(s).
  4. Confirmed presence of title insurance policy/commitment or attorney’s opinion of title.
  a. For a purchase transaction, determine the property seller was owner of record.
  b. Compare property type stated in title with the property type data delivered and stated in the appraisal.
  5. Effective for all owner-occupied loans (including second homes) mortgages with loan applications dated on or after 10/3/15 confirm the presence of the new Closing Disclosure
  a. Truth-in-Lending and HUD-1 documents will continue to be required for loans with applications dated on or before 10/2/15.
  b. Investment property transactions, 2-4 unit properties and co-ops are excluded from this requirement. However, if a Closing Disclosure is received on an investment property, 2-4-unit or Co-op rather than a HUD-1, the Closing Disclosure may be accepted.
  6. Confirmed that no party to the loan is on Freddie Mac’s Exclusionary List.

II. DATA VALIDATION

 

  1. For credit review loans only, compared elements from source documents to the data file provided (See Exhibit C).

 

  2. For any data discrepancies based on calculated fields, disclosed the component/source data.

 

  3. For any data discrepancies based on calculated fields, disclosed the discrepancy result formatted to Freddie Mac’s data standards (i.e., follow the rounding conventions described in Exhibit C).

III. REVERIFICATION

Reviewed re-verifications obtained by Freddie Mac’s third-party vendor:

  1. Income
  2. Assets
  3. Employment
  4. Credit data

 

 

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 APPENDIX B: ORIGINATION APPRAISAL ASSESSMENT

 

For each Mortgage Loan, Clayton performed the following origination appraisal analysis:

 

A. Verified that the mortgage loan file contained an appraisal report and that it met the following criteria:

 

  o Appraisal report used standard GSE forms, appropriate to the property type:

 

  FNMA 1004/FHLMC 70 – Uniform Residential Appraisal Report. Used for 1-unit properties, units in planned unit developments (detached PUDs) and condominium projects that consist solely of detached dwelling (site condominium)

 

  FNMA 1073/FHLMC 465 – Individual Condominium Report. Used to appraise a unit in a condominium project or a condominium unit in a PUD (attached PUD)

 

  FNMA 1025/FHLMC 72 – Small Residential Income Property Appraisal Report. Used for all two-to-four unit residential income properties, including two-to-four unit properties in a PUD

 

  FNMA 2090 – Individual Cooperative Appraisal Report. Used for individual cooperative units

 

  FNMA 2000/FHLMC 1032 – One Unit Residential Appraisal Field Review

 

  FNMA 2000a/FHLMC 1072 – Two to Four Unit Residential Appraisal Field Review

 

  o Appraisal report was reasonably complete and included:

 

  Appraisal report form, certification, statement of limiting conditions and scope of work

 

  Accurate identification of the subject property

 

  Accurate identification of the subject loan transaction

 

  Accurate identification of the property type, in both land and improvements

 

  All required attachments including:

 

    Subject front, rear and street photos and valued features

 

    Subject interior photos – kitchen, all baths, main living area, updates/upgrades, deferred maintenance

 

    Photos of all comparable sales and listings

 

    Location map

 

    Exterior sketch of property with dimensions

 

    1004MC Market Conditions Report

 

  Evidence that appraisal report was made “As Is” or provided satisfactory evidence of completion for all material conditions

 

  Appraisal date met supplied Sponsor Acquisition Criteria

 

  If applicable to Sponsor Acquisition Criteria requirements, a second full appraisal was furnished and met Sponsor Acquisition Criteria

 

B. Performed a general credibility assessment of the results of the appraisal per Title XI of FIRREA and USPAP based on the following criteria:

 

  o Title XI of FIRREA:

 

  If the appraisal was completed by a trainee or licensed appraiser unqualified to independently sign the report, an appropriately licensed appraiser co-signed as a supervisory appraiser and inspected the property

 

  Reviewed for the presence of any “red flags” related to the mortgaged property that may have posed a risk to the property or occupants

 

 

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  o USPAP

 

  Confirmed that the appraiser developed and communicated their analysis, opinion, and conclusion to intended users of their services in a manner that is meaningful and not misleading and that the appraisal is signed.

 

C. Reviewed and graded the appraisal valuation to the following criteria:

 

  o Property was complete. However, if the property was not 100% complete, then any unfinished portion had no material impact to the value, safety, soundness, structural integrity, habitability or marketability of the subject property
  o Appraisal was reviewed for any indication of property or marketability issues. Utilized the following key points in making determination:

 

  Appraisal was made on an “As Is” basis or provides satisfactory evidence of completion of all material conditions

 

  Property usage was reviewed for zoning compliance

 

  Property utilization was reviewed to determine it was “highest and best use”

 

  Neighborhood values were reviewed to determine if declining

 

  Market conditions were reviewed to determine indication of possible marketability issues:

 

    Location

 

    % built up

 

    Growth rate

 

    Demand/supply

 

    Marketing time

 

    Predominant occupancy

 

  Physical condition of the property was reviewed to determine that the property condition was average or better
  Style of property was reviewed to determine if unique property
  Any health and safety issues were noted and/or remediated
  Locational and/or environmental concerns adequately addressed if present

 

D. Property Eligibility Criteria – Clayton reviewed the property to determine that the property met the client supplied eligibility requirements. Examples of ineligible property types may include:
  o 3 to 4 unit owner occupied properties
  o 2 to 4 unit second homes
  o Unwarrantable or limited review condominiums
  o Manufactured or mobile homes
  o Condotel units
  o Unique properties
  o Working farms, ranches or orchards
  o Mixed-use properties
  o Properties subject to existing oil or gas leases
  o Properties located in Hawaii Lava Zones 1 and 2
  o Properties exceeding Sponsor Acquisition Criteria requirements for excess acreage

 

E. Disclaimer
  o The individuals performing the aforementioned original appraisal assessment are not persons providing valuations for purposes of the Uniform Standards of Professional Appraisal Practice (“USPAP”) or necessarily licensed as appraisers under Federal or State law, and the services being performed by such persons do not constitute “appraisal reviews” for purposes of USPAP or Federal or State law.
  o Clayton makes no representation or warranty as to the value of any mortgaged property, notwithstanding that Clayton may have reviewed valuation information for reasonableness
  o Clayton is not an ‘AMC’ (appraisal management company) and therefore Clayton does not opine on the actual value of the underlying property

 

 

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  o Clayton is not a ‘creditor’ within the meaning of ECOA or other lending laws and regulations, and therefore Clayton will not have any communication with or responsibility to any individual consumer concerning property valuation.
  o Clayton does not check to see if the appraiser is on the Freddie Mac exclusionary list

 

F. Desk Review definitions

 

  o Clear Capital “CDA” means a written retrospective analysis of an appraisal of residential real property relating to completeness, reasonableness, and relevance. The relevant appraisal shall be provided to Clear Capital by Customer. The CDA will offer an alternative value, if deemed appropriate, based on the analysis of the competitive market as of the effective date of the appraisal provided. The CDA will also provide an analysis of the appraisal provided, including supporting narrative and data to fully support the CDA value and outline deficiencies within the appraisal. The CDA will also contain a Risk Score and Risk Indicators based upon the findings of the analysis for the appraisal provided to Clear Capital by Customer.
  o ProTeck’s Appraisal Risk Review (ARR) is an enhanced desk review of the original appraisal in the file completed by a licensed appraiser. The ARR validates subject and comparable data and characteristics, confirms the original appraiser’s methodologies, credentials, and commentary to insure compliance with regulatory requirements and industry accepted best practices, and flags all risk factors while also providing final value reconciliation used to grade the loan.

 

 APPENDIX C: REGULATORY COMPLIANCE REVIEW SCOPE

 

This appendix provides an overview of Clayton’s proprietary compliance system for 1-4 family residential mortgage loans in the due diligence process to determine, to the extent possible and subject to the caveats below, whether the loans comply with federal, state and local laws. The Disclaimer section explains limitations that you should be aware of. Additional details on the items listed below as well as Clayton’s state, county and municipal testing can be provided upon request. The compliance engine is fully integrated into Clayton’s proprietary due diligence platform, eCLAS.

 

 

 

ALL MORTGAGES

 

The following documents are required for all mortgages as applicable.
See below for additional requirements for other specific loans/programs/commitments.

 

     

Critical Loan Documentation

 

  

    Included    

 

  

        N/A        

 

       

1.        

  Credit History - Include credit reports, explanation for derogatory items and recent inquiries, other supporting documentation, (e.g., evidence of account payoffs, bankruptcy, etc.)      
       

2.

  HUD-1 or Settlement Statement - Provide final version      
       

3.

  Integrated Mortgage Disclosures Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth In Lending Act (Regulation Z)” (78 Fed. Reg. 79730, December 31, 2013), once effective per the CFPB      
       

4.

  Loan Applications: Uniform Residential Loan Applications (Form #65) - Include both the initial (often handwritten) and final (usually typed), dated and signed applications. Provide any supporting documentation (e.g., explanation of discrepancies)      
       

5.

  Mortgage Insurance Certificate      
       

6.

  Note - Include endorsements, modifications, assumptions, releases of liability, and/or ARM Conversion documentation      

 

 

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7.

 

Property Valuation Documentation

•  Uniform Residential Appraisal Report with supporting addenda (e.g., building sketch, location map, etc.)

•  Photos of subject and comparables

•  Satisfactory completion certificate and/or recertification of value

•  Supporting documentation (e.g., leasehold documents, articles supporting price adjustments, Operating Income Statement)

•  Automated Underwriting System (AUS) required collateral assessment documentation

     
       

8.

  Sales Contract and all Addenda (fully executed)      
     

Additional Required Loan Documentation

 

  

Included

 

  

N/A

 

       

9.

  Automated Underwriting System (AUS) Report - Include required documentation for the credit and collateral assessment that show the risk class, all underwriting conditions, as well as all Minimum Assessment Feedback messages      
       

10.

  Affordable Housing Program Documentation – Include Homeownership Education Certificate if applicable      
       

11.

  Buy-Down and/or Seller Contribution Documentation      
       

12.

  Condominium Project Eligibility documentation - Include evidence that the Condominium Project approval was received from Fannie Mae’s PERS OR a Fannie Mae CPM project acceptance certification OR a Condominium Homeowners Association Questionnaire AND any other documents evidencing project eligibility      
       

13.

  FEMA Standard Flood Hazard Determination (FEMA Form 81-93) or equivalent form - Include evidence of flood insurance      
       

14.

  Freddie Mac Prefunding Acceptance Letter or Single Loan Exception      
       

15.

  Manufactured Home Appraisal Report (Form #70B)      
       

16.        

  Miscellaneous Documentation - (e.g., evidence of sale for previous residence, divorce or separation decree, leases, bridge loan documentation, lender loan approval documentation, closing instructions, etc.)      
       

17.

  Mortgage Insurance Documentation - Include any documentation related to the rescission, denial or the unavailability of Mortgage Insurance      
       

18.

  Payment History from the later of first installment due date or a date 12 months prior to and including the mortgage delivery/sale date to Freddie Mac      
       

19.

  Preliminary Title Insurance Binder or Commitment - Include all endorsements      
       

20.

  Second Trust Documentation - Include a copy of the Note      
       

21.

  Uniform Underwriting & Transmittal Summary (Form #1077) - Include rationale for loan approval and income calculations      
     

Loan Verifications

 

  

Included

 

  

N/A

 

       

22.

 

Funds Verification for down payment, prepaid items, closing costs, financing cost, cash reserves:

•  VOD(s)

•  Account statements (including retirement asset account statements)

•  Supporting documentation (e.g., source of funds explanations & documentation, gift letters with transfer of funds documentation, sale of previous home, etc.)

     

 

 

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23.

 

Income Verification

•  Verbal/Written VOE(s)

•  Pay stubs, W2(s)/1099(s)

•  For self-employed or commission income as appropriate (complete tax returns, balance sheets, YTD profit & loss statements and written income analysis)

•  Supporting documentation (e.g., leases, benefits statements, gap in employment letters, etc.)

•  IRS Form 8821, 4506 or an alternate form acceptable to the IRS that collects comparable information, plus the IRS response if received

     
       

24.

 

Mortgage or Rental Verifications

•  VOM(s) or VOR(s) (with at least a 12 month history)

•  Supporting documentation (e.g., letters of explanation, etc.)

     
 

NON-PERFORMING MORTGAGES

 

The following are additional documents required for all non-performing mortgages.

 

     

Loan Documentation

 

  

Included

 

  

N/A

 

       

25.

  Final Title Insurance Policy - Include all endorsements      
       

26.

  Records of all collection efforts - Include borrower contacts, property inspections, attempts to develop a workout plan, bankruptcy and/or foreclosure tracking logs      
 

REFINANCE MORTGAGES

 

The following are additional documents required for all refinance mortgages.

 

     

Loan Documentation

 

  

Included

 

  

N/A

 

       

27.

  Payoff Statement - For refinance loans where the loan refinanced was originated or is currently held by the same lender or an affiliate of the lender; include for the loan that was refinanced      
 

RELIEF REFINANCE MORTGAGES

 

The following are additional documents required for all Relief Refinance mortgages.

 

     

Loan Documentation

 

  

Included

 

  

N/A

 

       

28.

  Payment History for the loan being refinanced (Same Servicer only)      
       

29.

  Payoff Statement for the loan being refinanced      
 

STREAMLINED RELIEF REFINANCE MORTGAGES

 

The following are additional documents required for all streamlined refinance mortgages.

 

     

Loan Documentation

 

  

Included

 

  

N/A

 

       

30.        

  Origination Loan Package for the loan being refinanced – Include the complete package, including the prior Freddie Mac loan number      
       

31.

  Property Valuation - Include evidence showing that the value of the property for the new mortgage is at least equal to or greater than the value used to originate the mortgage being refinanced      

 

 

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ALL MORTGAGES

 

The following documents are required for all mortgages as applicable.
See below for additional requirements for other specific loans/programs/commitments.

 

     

Critical Loan Documentation

 

  

    Included    

 

  

        N/A        

 

       

1.        

  Borrower Rate Lock Agreement or Disclosure - For loans with initial loan applications dated on and after 10/01/2009      
       

2.

  HUD-1 or Settlement Statement - Provide final version. Identify any fees on the HUD-1 that were paid to affiliates. If available, include an itemization of any “bundled” charges on the HUD-1      
       

3.

  Integrated Mortgage Disclosures - Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth In Lending Act (Regulation Z)” (78 Fed. Reg. 79730, December 31, 2013), once effective per the CFPB      
       

4.

  Loan Application: Uniform Residential Loan Application (Form #65) - Include the initial (often handwritten) loan application, dated and signed by the borrower      
       

5.

  Mortgage Insurance Certificate      
       

6.

  Note      
       

7.

  Truth-In-Lending Disclosure - Provide the final disclosure      
     

Additional Required Loan Documentation

 

  

Included

 

  

N/A

 

       

8.

  Affiliate Business Disclosure      
       

9.

  Concurrent Subordinate Mortgage - Include the Note and HUD-1 for the subordinate mortgage if made by the same creditor or an affiliate      
       

10.

  Date Interest Rate Set/Date Rate Locked, if not clear on the rate lock confirmation:    Date:

                         

 

  
       

11

 

Date of Original Loan Application, if not clear on the Uniform Residential Loan

Application (Form #65)

   Date:

                         

 

  
       

12.        

  Lender Compensation - Indicate the total amount of loan originator compensation, expressed in dollars, determined in accordance with 12 C.F.R. 1026.32(b) (1) (ii) in Regulation Z, Truth in Lending. Please do not include compensation that has already been included as a finance charge on the HUD-1 Settlement Statement.    Amount:

 

                        

 

  
     

Discount Point Information

Provide the following information only if borrower paid discount points (Bona Fide Discount Points)
were excluded from the total points and fees calculated in accordance with 12 C.F.R. 1026.32(b)(1)

 

       Included                N/A        
       

13.

  The amount of excluded Bona Fide Discount Points, expressed in percent, determined in accordance with 12 C.F.R. 1026.32(b)(1)(i)(E) & (F) in Regulation Z, Truth in Lending    %:

                        

 

  
       

14.

  The interest rate closest to par offered to the borrower before payment of discount points    %:

                        

 

  
       

15.

  The average prime offer rate, determined under 12 C.F.R. 1026.35(a)(2) in Regulation Z, Truth in Lending, as of the date the transaction’s rate is set    %:

                        

 

  
       

16.

  The amount by which the interest rate was reduced (example: 0.125; 0.25; 0.50; 1.00 etc.), if the Bona Fide Discount Points reduced the interest rate    %:

                        

 

  

 

 

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REFINANCE MORTGAGES

 

The following are additional documents required for all refinance mortgages.

 

     

Loan Documentation

 

  

Included

 

  

N/A

 

       

17.        

  Payoff Statement - For refinance loans where the loan refinanced was originated or is currently held by the same lender or an affiliate of the lender; include for the loan that was refinanced      
 

STATE SPECIFIC MORTGAGES

 

The following are additional documents required for loans originated in specific states.

 

     

Arkansas & Georgia

 

  

Included

 

  

N/A

 

       

18.

  Attorney Choice Disclosure      
     

New Mexico

 

  

Included

 

  

N/A

 

       

19.

  Attorney Choice Disclosure      
       

20.

  Refinance Mortgages only - Documentation and/or worksheet (including any affidavit) used to establish benefit to the borrower, under the state’s standard      

 

 

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EXHIBIT A: DATA ELEMENTS

 

 

       

#     

 

  

Data Field

 

  

Description and Calculation (as applicable)

 

  

Source Document/Notes

 

       
1          Loan Identifier   

For identification purposes only (Freddie Mac #)

 

    
       
2         Product Type   

Denotes whether the mortgage is 1) a fixed-rate mortgage (FRM) or an adjustable-rate mortgage (ARM).

 

   Source: Note
       
3         Property State    A two-letter abbreviation indicating the state or territory within which the property securing the mortgage is located.   

Sources (in order):

 

1.   Appraisal Report

2.   Note

3.   Title Commitment or Title Policy

4.   Hud-1 Settlement Statement

       
4         Postal Code    The first five digits of the postal code for the location of the mortgaged property.   

Sources (in order):

 

1.   Appraisal Report

2.   Note

3.   Title Commitment or Title Policy

4.   Hud-1 Settlement Statement

       
5         First Payment Date   

The month and year of the first payment due date of the mortgage.

 

  

Source: Note

 

For construction to permanent loans and seller owned modifications, use the note/modification agreement that represents the permanent

       
6         Maturity Date   

The month and year in which the final monthly payment on the mortgage is scheduled to be made

 

  

Source: Note

 

For construction to permanent loans and seller owned modifications, use the note/modification agreement that represents the permanent financing.

       
7         Original Interest Rate aka Original Note Rate   

The note rate as indicated on the note.

 

  

Source: Note

 

For construction to permanent loans and seller owned modifications, use the note/modification agreement that represents the permanent financing.

       
8         Original UPB   

The UPB of the mortgage on the note date.

 

For seller-owned modified mortgages, converted mortgages, and construction to permanent mortgages, the UPB of the mortgage as of the note modification, conversion, or construction to permanent date of the mortgage.

 

  

Source: Note

 

The value is truncated for any cents present.

 

Example: If $xxx,xxx.52, result would be $xxx,xxx. (Whole Dollars Only)

 

 

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9         Loan Purpose   

Indicates whether the mortgage loan is a Cash-out Refinance mortgage, No Cash-out Refinance mortgage, or a Purchase mortgage. If a Refinance is applicable, but the seller of the mortgage loan does not specify Cash-out Refinance or No Cash-out Refinance, “Refinance -- Not Specified” is indicated. “Unknown” will be indicated by a blank space.

 

Generally, a Cash-out Refinance mortgage loan is a mortgage loan in which the use of the loan amount is not limited to specific purposes. A mortgage loan placed on a property previously owned free and clear by the Borrower is always considered a Cash-out Refinance mortgage loan.

 

Generally, a No Cash-out Refinance mortgage loan is a mortgage loan in which the loan amount is limited to the following uses:

 

•  Pay off the first mortgage, regardless of its age

•  Pay off any junior liens secured by the mortgaged property, that were used in their entirety to acquire the subject property

•  Pay related closing costs, financing costs and prepaid items, and

•  Disburse cash out to the Borrower (or any other payee) not to exceed 2% of the new refinance mortgage loan or $2,000, whichever is less

 

As an exception to the above, for construction conversion mortgage loans and renovation mortgage loans, the amount of the interim construction financing secured by the mortgaged property is considered an amount used to pay off the first mortgage. Paying off unsecured liens or construction costs paid by the Borrower outside of the secured interim construction financing is considered cash out to the Borrower, if greater than $2000 or 2% of loan amount.

 

P = Purchase

C = Cash-out Refinance

N = No Cash-out Refinance

R = Refinance – Not Specified

Space = Unknown

 

  

Sources:

1. Loan Application

2. HUD-1 Settlement Statement (if the transaction has a junior lien(s), the title may also need to be reviewed)

       
10         Property Type   

Denotes whether the property type secured by the mortgage is a condominium, leasehold, planned unit development (PUD), cooperative share, manufactured home, or single-family home. “Unknown” will be indicated by a blank space.

 

CO = Condo

LH = Leasehold

PU = PUD

MH = Manufactured Housing

SF = 1-4 Fee Simple

CP = Co-op

Space(2) = Unknown

 

   Sources: Appraisal, other collateral documentation, or Loan Product Advisor (LPA) Feedback Certificate for Automated Collateral Evaluation (ACE) Loans.
       
11         Number Of Units   

Denotes whether the mortgage is a one-, two-, three-, or four-unit property. “Unknown” will be indicated by a blank space.

 

01 = 1-unit

02 = 2-unit

03 = 3-unit

04 = 4-unit

Space(2) = Unknown

 

   Sources: Appraisal, other collateral documentation, or Loan Product Advisor (LPA) Feedback Certificate for Automated Collateral Evaluation (ACE) Loans.

 

 

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12         Occupancy Status   

Denotes whether the mortgage type is owner occupied, second home, or investment property. “Unknown” will be indicated by a blank space.

 

O = Owner Occupied

I = Investment Property

S = Second Home

Space = Unknown

 

  

Source: Loan application unless other loan file documents contain inconsistent information

 

Note: Occupancy is a judgment decision and is not confirmed by any source in the loan file.

       
13         Number Of Borrowers   

The number of Borrower(s) who are obligated to repay the mortgage note secured by the mortgaged property. Disclosure denotes only whether there is one borrower or more than one borrower associated with the mortgage note.

 

01 = 0-1 borrower

02 = > 1 borrowers

 

   Source: Note
       
14         Credit Score   

A number, prepared by third parties, summarizing the borrower’s creditworthiness, which may be indicative of the likelihood that the borrower will timely repay future obligations. Generally, the credit score disclosed is the score known at the time of PC issuance and is the score used to originate the mortgage.

 

An unavailable credit score or a credit score value less than 300 or greater than 850 will be disclosed as “Unknown,” which will be indicated by a blank space.

 

Space(3) = Unknown

 

  

Sources: Credit report or Loan Prospector Loan Product Advisor (LPA) feedback or Desktop Underwriter (DU) Findings

 

Tape value credit score for each borrower must match a value in any one of these source documents. Please reference Freddie Mac Seller/Servicer Guide Section 5203.2 for additional details.

       
15         Original Loan-To-Value (LTV)   

In the case of a purchase mortgage loan, the ratio obtained by dividing the mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised value on the note date or its purchase price.

 

In the case of a refinance mortgage loan, the ratio obtained by dividing the mortgage loan amount on the note date by the mortgaged property’s appraised value on the note date.

 

In the case of a seasoned mortgage loan, if the Seller cannot warrant that the value of the mortgaged property has not declined since the note date, Freddie Mac

requires that the Seller must provide a new appraisal value, which is used in the LTV calculation. Percentages below 6% or greater than 105% will be disclosed as “Unknown,” indicated by a blank space.

 

Space(3) = Unknown

 

  

Sources (in order):

 

1.   Note

2.   Appraisal

3.   Loan Product Advisor (LPA) Feedback Certificate for Automated Collateral Evaluation (ACE) Loans

4.   HUD-1 Settlement Statement

 

This value is truncated at the second decimal and then rounded up to the next integer. For example, if LTV is calculated to 75.0199, truncate the value to 75.01 then round up to .76 or 76%

 

 

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16         Original Combined Loan-To-Value (CLTV)   

In the case of a purchase mortgage loan, the ratio is obtained by dividing the mortgage loan amount on the note date plus any secondary mortgage loan amount disclosed by the Seller by the lesser of the mortgaged property’s appraised value on the note date or its purchase price.

 

In the case of a refinance mortgage loan, the ratio is obtained by dividing the mortgage loan amount on the note date plus any secondary mortgage loan amount disclosed by the Seller by the mortgaged property’s appraised value on the note date. If the secondary financing amount disclosed by the Seller includes a home equity line of credit, then the CLTV calculation reflects the disbursed amount at closing of the first lien mortgage loan, not the maximum loan amount available under the home equity line of credit.

 

In the case of a seasoned mortgage loan, if the Seller cannot warrant that the value of the mortgaged property has not declined since the note date, Freddie Mac requires that the Seller must provide a new appraisal value, which is used in the CLTV calculation. Percentages below 6% or greater than 135% will be disclosed as “Unknown,” which will be indicated by a blank space.

 

Space(3) = Unknown

 

  

Sources:

 

●   Note(s)

●   HUD-1 Settlement Statement

●   Credit Report

●   Sales contract

●   Appraisal

●   Loan Product Advisor (LPA) Feedback Certificate for Automated Collateral Evaluation (ACE) Loans

●   Title Commitment or Title Policy

 

Also known as TLTV (total loan-to- value) ratio.

 

This data may vary depending on available source documents used to calculate and/or report the value.

 

This value is truncated at the second decimal and then rounded up to the next integer. For example, if CLTV is calculated to 75.0199, truncate the value to 75.01 then round up to .76 or 76%.

 

       
17         Original HELOC Combined Loan to Value Ratio (HCLTV)   

In the case of a purchase mortgage loan, the ratio is obtained by dividing the mortgage loan amount on the note date plus maximum available amount from any secondary mortgage loan amount disclosed by the Seller by the lesser of the mortgaged property’s appraised value on the note date or its purchase price.

 

In the case of a refinance mortgage loan, the ratio is obtained by dividing the mortgage loan amount on the note date plus any secondary mortgage loan amount disclosed by the Seller by the mortgaged property’s appraised value on the note date.

 

If the secondary financing amount disclosed by the Seller includes a home equity line of credit, then the HTLTV calculation reflects the maximum loan amount available under the home equity line of credit.

 

In the case of a seasoned mortgage loan, if the Seller cannot warrant that the value of the mortgaged property has not declined since the note date, Freddie Mac requires that the Seller must provide a new appraisal value, which is used in the HTLTV calculation.

 

This disclosure is subject to the widely varying standards originators use to calculate and / or report Borrowers’ secondary mortgage loan amounts.

 

  

Sources:

 

1. Note / HELOC Agreement

2. Credit Report(s)

3. Sales contract

4. Appraisal

5. Loan Product Advisor (LPA) Feedback Certificate for Automated Collateral Evaluation (ACE) Loans

6. HUD-1 Settlement Statement

7. Title Commitment or Title Policy

 

This data may vary depending on available source documents used to calculate and/or report the value.

 

This value is truncated at the second decimal and then rounded up to the next integer. For example, if HTLTV is calculated to 75.0199, truncate the value to 75.01 then round up to .76 or 76%.

 

 

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18         Original Debt-To-Income (DTI) Ratio   

Disclosure of the debt to income ratio is based on (1) the sum of the borrower’s monthly debt payments, including monthly housing expenses that incorporate the mortgage payment the borrower is making at the time of the delivery of the mortgage loan to Freddie Mac, divided by (2) the total monthly income used to underwrite the borrower as of the date of the origination of the mortgage loan. Percentages falling outside the range of greater than 0% and less than or equal to 65% will be disclosed as “Unknown,” which will be indicated by a blank space.

 

Space(3) = Unknown

  

Value is acceptable if the DTI is within 2% (+/-) of the Data Tape.

 

Sources:

 

●   Income

 

●   Credit report

 

●   Other liability documentation

 

This data is subject to the widely varying standards that originators use to calculate Borrowers’ income and liabilities.

 

This value is truncated at the second decimal and then rounded to the nearest integer. For example,

 

●   If DTI is calculated to 75.499, truncate the value to 75.4 and then round to 75%.

 

●   If DTI is calculated to 75.501, truncate the value to 75.5 and then round to 76%.

 

       
19         First Time Homebuyer   

Indicates whether the Borrower, or one of a group of Borrowers, is an individual who (1) is purchasing the mortgaged property, (2) will reside in the mortgaged property as a primary residence and (3) had no ownership interest (sole or joint) in a residential property during the three-year period preceding the date of the purchase of the mortgaged property. With certain limited exceptions, a displaced homemaker or single parent may also be considered a First-Time Homebuyer if the individual had no ownership interest in a residential property during the preceding three-year period other than an ownership interest in the marital residence with a spouse. “Unknown” will be indicated by a blank space.

 

Y = Yes

N = No

Space = Unknown

 

  

Sources:

 

Application or credit report, Loan Prospector System or Desktop Underwriter Findings (together, the “Credit Report”)

       
20         Prepayment Penalty Indicator aka Prepayment Penalty Mortgage (PPM) Flag   

Denotes whether the mortgage is a Prepayment Penalty Mortgage (PPM). A PPM is a mortgage with respect to which the borrower is, or at any time has been, obligated to pay a penalty in the event of certain prepayments of principal.

 

Y = PPM

N = Not PPM

 

  

Sources:

 

Note or prepayment penalty rider (the “Prepayment Penalty Rider”)

       
21         Mortgage Insurance Percentage (MI %)   

The percentage of mortgage insurance coverage on the loan.

 

Amounts of mortgage insurance reported by Sellers that are greater than 55% will be disclosed as “Unknown”, which will be indicated by a blank space.

  

Sources:

 

Mortgage Insurance Certificate and other related mortgage insurance documentation (together, the “Mortgage Insurance Documentation”) See Addendum to be in attached in .PDF

 

 

 

 

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22         Original Loan Term   

The number of scheduled monthly payments of the mortgage between the first payment date and the maturity date of the mortgage

 

   Source: Note
23         Mortgage Insurance Company Name   

The private MI company short/common name from whom the private mortgage insurance coverage was obtained.

 

If, at the time of Freddie Mac’s purchase of the mortgage loan, the loan did not have MI then this field will be disclosed as Not Applicable.

  

Sources:

 

Mortgage Insurance Certificate and other related mortgage insurance documentation (together, the “Mortgage Insurance Documentation”)

 

99= Not Applicable

 

1=CMG / Arch MI

 

2=Essent

 

3=Genworth

 

4=MGIC

 

5=PMI

 

6=Radian

 

7=RMIC

 

8=Triad

 

9=UGI

 

11=CAHLIF

 

12=CMG Pre Sep94

 

14=MIF

 

15=RMIC-NC

 

44=NMI

 

Space (2)=Unknown

 

24         MI: Lender or Borrower Paid   

Defines the source of the MI premium payment.

 

An indicator of whether mortgage insurance is paid by the borrower or the lender. If, at the time of Freddie Mac’s purchase of the mortgage loan, the loan did not have MI then this field will be disclosed as Not Applicable. If the MI % is unknown or the MI: Lender or Borrower Paid is unavailable, then this field will be disclosed as “Unknown,” which will be indicated by a blank space.

 

If the Source Type is not identified in the Mortgage Insurance Documentation, identify the source of funds paid for the purpose of mortgage insurance on the HUD-1 Settlement Statement.

  

Sources:

Hud-1 Settlement Statement, Mortgage Insurance Certificate and other related mortgage insurance documentation (together, the “Mortgage Insurance Documentation”)

 

1 = Borrower-Paid

2 = Lender-Paid

9 = Not Applicable

Space = Unknown.

 

25         Property Valuation Type   

Specifies the method by which the property value, which is used to calculate the LTV, was assessed (with the exception of where the purchase price is used in the LTV).

 

  

Source: Appraisal Report

 

1 = Full Appraisal

2 = Drive By

3 = Prior Appraisal Used

4 = Desktop Appraisal

5 = Automated Valuation Model

6 = None (i.e. LPA)

7= Field Review

23 = Other

 

 

 

Freddie Mac STACR 2018 SPI2 Due Diligence Narrative Report

  

 

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LOGO

 

26         Property Valuation Date   

Specifies the month and year on which the most recent property valuation, as of loan delivery to Freddie Mac, was reported. If the valuation has decreased from the original property valuation, Sellers are instructed to use the new, lower value. If the property value has not declined, Sellers are to deliver the original property value obtained.

 

  

Source: Appraisal Report or Loan Product Advisor (LPA) Feedback Certificate for Automated Collateral Evaluation (ACE) Loans

 

Numeric (date)

 

26         Channel   

Disclosure indicates whether a Broker or Correspondent, as those terms are defined below, originated or was involved in the origination of the mortgage loan. If a Third Party Origination is applicable, but the Seller does not specify Broker or Correspondent, the disclosure will indicate “TPO Not Specified”. If a Broker, Correspondent or Third Party Origination disclosure is not applicable, the mortgage loan will be designated as Retail, as defined below.

 

Broker is a person or entity that specializes in loan originations, receiving a commission (from a Correspondent or other lender) to match Borrowers and lenders. The Broker performs some or most of the loan processing functions, such as taking loan applications, or ordering credit reports, appraisals and title reports. Typically, the Broker does not underwrite or service the mortgage loan and generally does not use its own funds for closing; however, if the Broker funded a mortgage loan on a lender’s behalf, such a mortgage loan is considered a “Broker” third party origination mortgage loan. The mortgage loan is generally closed in the name of the lender who commissioned the Broker’s services.

 

Correspondent is an entity that typically sells the Mortgages it originates to other lenders, which are not Affiliates of that entity, under a specific commitment or as part of an ongoing relationship. The Correspondent performs some or all of the loan processing functions, such as taking the loan application, ordering credit reports, appraisals, and title reports, and verifying the Borrower’s income and employment. The Correspondent may or may not have delegated underwriting and typically funds the mortgage loans at settlement. The mortgage loan is closed in the Correspondent’s name and the Correspondent may or may not service the mortgage loan. The Correspondent may use a Broker to perform some of the processing functions or even to fund the loan on its behalf; under such circumstances, the mortgage loan is considered a “Broker” third party origination mortgage loan, rather than a “Correspondent” third party origination mortgage loan.

 

Retail Mortgage is a mortgage loan that is originated, underwritten and funded by a lender or its Affiliates. The mortgage loan is closed in the name of the lender or its Affiliate and if it is sold to Freddie Mac, it is sold by the lender or its Affiliate that originated it. A mortgage loan that a Broker or Correspondent completely or partially originated, processed, underwrote, packaged, funded or closed is not considered a Retail mortgage loan.

 

For purposes of the definitions of Correspondent and Retail, “Affiliate” means any entity that is related to another party as a consequence of the entity, directly or indirectly, controlling the other party, being controlled by the other party, or being under common control with the other party.

 

  

Source: Loan file documentation

 

Alpha

R = Retail

B = Broker

C = Correspondent

T = TPO Not Specified

Space = Unknown

 

 

 

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Table of Contents

Client Name: Freddie Mac
Client Project Name: Freddie Mac - STACR 2018 SPI2
Start - End Dates: 01/2018-05/2018
Deal Loan Count: 350        
 
Conditions Report 2.0
Loans in Report: 350        
Loans with Conditions: 162        

Loan Number Original Principal Balance State Lender ATR/QM Status Loan Level ATR/QM Status
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX MI (No Data) (No Data)
XXXXXX XXXXXX GA (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX PA (No Data) (No Data)
XXXXXX XXXXXX WI (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX PA (No Data) (No Data)
XXXXXX XXXXXX VT (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX AZ (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX MI (No Data) (No Data)
XXXXXX XXXXXX UT (No Data) (No Data)
XXXXXX XXXXXX WI (No Data) (No Data)
XXXXXX XXXXXX OH (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX NM (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX IA (No Data) (No Data)
XXXXXX XXXXXX IA (No Data) (No Data)
XXXXXX XXXXXX MD (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX UT (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX MO (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX AK (No Data) (No Data)
XXXXXX XXXXXX ME (No Data) (No Data)
XXXXXX XXXXXX CT (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX MT (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) ATR/QM: Not Applicable
XXXXXX XXXXXX CA (No Data) ATR/QM: Not Applicable
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX KS (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX OH (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX IN (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX CT (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX MA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) ATR/QM: Not Applicable
XXXXXX XXXXXX NJ (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX NV (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX NC (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX AR (No Data) (No Data)
XXXXXX XXXXXX AZ (No Data) (No Data)
XXXXXX XXXXXX MD (No Data) (No Data)
XXXXXX XXXXXX RI (No Data) (No Data)
XXXXXX XXXXXX NC (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX OK (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX ID (No Data) (No Data)
XXXXXX XXXXXX KY (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) ATR/QM: Not Applicable
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX IA (No Data) (No Data)
XXXXXX XXXXXX MT (No Data) (No Data)
XXXXXX XXXXXX AZ (No Data) (No Data)
XXXXXX XXXXXX ID (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX ME (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX OH (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX MT (No Data) (No Data)
XXXXXX XXXXXX UT (No Data) (No Data)
XXXXXX XXXXXX HI (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX PA (No Data) ATR/QM: Not Applicable
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX TN (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) ATR/QM: Not Applicable
XXXXXX XXXXXX IL (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX ME (No Data) (No Data)
XXXXXX XXXXXX WI (No Data) (No Data)
XXXXXX XXXXXX IL (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX MA (No Data) (No Data)
XXXXXX XXXXXX NV (No Data) (No Data)
XXXXXX XXXXXX NM (No Data) (No Data)
XXXXXX XXXXXX NM (No Data) (No Data)
XXXXXX XXXXXX MA (No Data) (No Data)
XXXXXX XXXXXX GA (No Data) (No Data)
XXXXXX XXXXXX NY (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX CT (No Data) (No Data)
XXXXXX XXXXXX CT (No Data) (No Data)
XXXXXX XXXXXX CT (No Data) (No Data)
XXXXXX XXXXXX SC (No Data) (No Data)
XXXXXX XXXXXX SC (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX SC (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX NY (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX UT (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX IL (No Data) (No Data)
XXXXXX XXXXXX NJ (No Data) (No Data)
XXXXXX XXXXXX NJ (No Data) (No Data)
XXXXXX XXXXXX NJ (No Data) (No Data)
XXXXXX XXXXXX MO (No Data) (No Data)
XXXXXX XXXXXX MO (No Data) (No Data)
XXXXXX XXXXXX RI (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX NC (No Data) (No Data)
XXXXXX XXXXXX IL (No Data) (No Data)
XXXXXX XXXXXX IL (No Data) (No Data)
XXXXXX XXXXXX IL (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TN (No Data) (No Data)
XXXXXX XXXXXX IA (No Data) (No Data)
XXXXXX XXXXXX IA (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX SC (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) ATR/QM: Not Applicable
XXXXXX XXXXXX IN (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX NC (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX TN (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX NC (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX NC (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX DE (No Data) (No Data)
XXXXXX XXXXXX GA (No Data) (No Data)
XXXXXX XXXXXX IN (No Data) (No Data)
XXXXXX XXXXXX PA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX NY (No Data) (No Data)
XXXXXX XXXXXX IN (No Data) (No Data)
XXXXXX XXXXXX AL (No Data) (No Data)
XXXXXX XXXXXX ND (No Data) (No Data)
XXXXXX XXXXXX NM (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX WI (No Data) (No Data)
XXXXXX XXXXXX ND (No Data) (No Data)
XXXXXX XXXXXX ND (No Data) (No Data)
XXXXXX XXXXXX ND (No Data) (No Data)
XXXXXX XXXXXX MI (No Data) (No Data)
XXXXXX XXXXXX HI (No Data) (No Data)
XXXXXX XXXXXX RI (No Data) (No Data)
XXXXXX XXXXXX RI (No Data) (No Data)
XXXXXX XXXXXX IL (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX NJ (No Data) (No Data)
XXXXXX XXXXXX UT (No Data) (No Data)
XXXXXX XXXXXX UT (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX SC (No Data) (No Data)
XXXXXX XXXXXX MA (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX CT (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX AZ (No Data) (No Data)
XXXXXX XXXXXX HI (No Data) (No Data)
XXXXXX XXXXXX HI (No Data) (No Data)
XXXXXX XXXXXX OH (No Data) (No Data)
XXXXXX XXXXXX UT (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX WI (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX UT (No Data) (No Data)
XXXXXX XXXXXX MI (No Data) (No Data)
XXXXXX XXXXXX AZ (No Data) (No Data)
XXXXXX XXXXXX AZ (No Data) (No Data)
XXXXXX XXXXXX MI (No Data) (No Data)
XXXXXX XXXXXX PA (No Data) (No Data)
XXXXXX XXXXXX UT (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX IA (No Data) (No Data)
XXXXXX XXXXXX KY (No Data) (No Data)
XXXXXX XXXXXX MA (No Data) (No Data)
XXXXXX XXXXXX CT (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX OH (No Data) (No Data)
XXXXXX XXXXXX HI (No Data) (No Data)
XXXXXX XXXXXX DE (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX OK (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX NH (No Data) (No Data)
XXXXXX XXXXXX NH (No Data) (No Data)
XXXXXX XXXXXX IA (No Data) (No Data)
XXXXXX XXXXXX MT (No Data) (No Data)
XXXXXX XXXXXX MT (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX AR (No Data) (No Data)
XXXXXX XXXXXX GA (No Data) (No Data)
XXXXXX XXXXXX AK (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX PA (No Data) (No Data)
XXXXXX XXXXXX IL (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX SC (No Data) (No Data)
XXXXXX XXXXXX MO (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX WV (No Data) (No Data)
XXXXXX XXXXXX WV (No Data) (No Data)
XXXXXX XXXXXX WV (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX MA (No Data) (No Data)
XXXXXX XXXXXX ID (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX AK (No Data) (No Data)
XXXXXX XXXXXX GA (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX MO (No Data) (No Data)
XXXXXX XXXXXX ME (No Data) (No Data)
XXXXXX XXXXXX DC (No Data) ATR/QM: Not Applicable
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX MI (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX KY (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX IL (No Data) (No Data)
XXXXXX XXXXXX AL (No Data) (No Data)
XXXXXX XXXXXX MI (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX OK (No Data) (No Data)
XXXXXX XXXXXX AZ (No Data) (No Data)
XXXXXX XXXXXX AZ (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX PA (No Data) (No Data)
XXXXXX XXXXXX ME (No Data) (No Data)
XXXXXX XXXXXX NC (No Data) (No Data)
XXXXXX XXXXXX IA (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX WI (No Data) (No Data)
XXXXXX XXXXXX NC (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX RI (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX AR (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX GA (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX NV (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX AZ (No Data) (No Data)
XXXXXX XXXXXX NJ (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX LA (No Data) (No Data)
XXXXXX XXXXXX TN (No Data) (No Data)
XXXXXX XXXXXX OH (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX MA (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX NJ (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX GA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX AR (No Data) (No Data)
XXXXXX XXXXXX AR (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX KY (No Data) (No Data)
XXXXXX XXXXXX MO (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX HI (No Data) (No Data)
XXXXXX XXXXXX NH (No Data) (No Data)
XXXXXX XXXXXX PA (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX AL (No Data) (No Data)
XXXXXX XXXXXX VA (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX NE (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX MN (No Data) (No Data)
XXXXXX XXXXXX MI (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX IL (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX IN (No Data) (No Data)
XXXXXX XXXXXX NM (No Data) (No Data)
XXXXXX XXXXXX SC (No Data) (No Data)
XXXXXX XXXXXX DE (No Data) (No Data)
XXXXXX XXXXXX DE (No Data) (No Data)
XXXXXX XXXXXX DE (No Data) (No Data)
XXXXXX XXXXXX OR (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)


Table of Contents

Initial Securitization Overall Loan Grade Final Securitization Overall Loan Grade Initial Securitization Credit Loan Grade Final Securitization Credit Loan Grade Initial Securitization Property Valuations Loan Grade Final Securitization Property Valuations Loan Grade Initial Securitization Compliance Loan Grade Final Securitization Compliance Loan Grade
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
C A A A C A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
B B B B A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
D A D A A A N/A N/A
D A A A D A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
D B C B D A N/A N/A
D B C B D A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A D A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
D A D A A A N/A N/A
D A A A D A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
C A A A C A N/A N/A
C B C B A A N/A N/A
C B C B A A N/A N/A
C B C B A A N/A N/A
C B C B A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A A A D A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
C A C A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
D A D A A A A A
D A D A D A N/A N/A
D A D A D A N/A N/A
D A D A D A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A C A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A A A C A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A A A D A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
C A C A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A C A A A N/A N/A
C A A A C A N/A N/A
C A A A C A N/A N/A
D A D A A A N/A N/A
D A D A A A N/A N/A
A A A A A A N/A N/A
D A A A D A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A A A D A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
D D D D A A N/A N/A
C A A A C A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
C A A A C A N/A N/A
C A A A C A N/A N/A
C A C A A A N/A N/A
D D D D A A A A
D A D A D A N/A N/A
D A D A D A N/A N/A
D A D A D A N/A N/A
A A A A A A N/A N/A
C A A A C A A A
D A D A D A N/A N/A
D A D A D A N/A N/A
D A D A D A N/A N/A
A A A A A A N/A N/A
C A A A C A A A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
C A A A C A A A
D A A A D A N/A N/A
D A D A C A A A
D A D A C A A A
A A A A A A A A
A A A A A A A A
D A D A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
D B C B D A N/A N/A
D B C B D A N/A N/A
D A D A C A N/A N/A
D A D A C A N/A N/A
D A D A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
B A B A A A N/A N/A
D A D A A A N/A N/A
A A A A A A N/A N/A
D A A A D A N/A N/A
A A A A A A N/A N/A
D A D A A A A A
A A A A A A N/A N/A
D A D A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A A A D A A A
D A D A D A A A
D A D A D A A A
D A D A D A A A
D A D A A A N/A N/A
D A D A A A N/A N/A
D A D A A A A A
A A A A A A N/A N/A
C A A A C A N/A N/A
D D D D C A A A
D D D D C A A A
D D D D C A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
B A B A A A A A
C A C A C A N/A N/A
C A C A C A N/A N/A
D A A A D A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A A A D A N/A N/A
D A D A A A N/A N/A
D A A A D A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A A A
C A A A C A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
B B B B A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A A A D A A A
C A A A C A A A
C A A A C A N/A N/A
C A A A C A N/A N/A
A A A A A A A A
D A D A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A D A C A N/A N/A
D A D A C A N/A N/A
D A D A C A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
D A D A C A A A
D A D A C A A A
A A A A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
C B B B C A N/A N/A
C B B B C A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
D A D A D A N/A N/A
D A D A D A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A A A
C A C A A A N/A N/A
C A C A A A A A
A A A A A A N/A N/A
D D D D A A N/A N/A
D D D D A A N/A N/A
D A A A D A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
D A A A D A N/A N/A
D A A A D A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A A A D A N/A N/A
A A A A A A N/A N/A
D B D B D A N/A N/A
D B D B D A N/A N/A
C A A A C A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A A A
A A A A A A A A
D A D A A A N/A N/A
D B D B A A N/A N/A
D B D B A A N/A N/A
A A A A A A N/A N/A
D A D A A A N/A N/A
A A A A A A N/A N/A
D A D A A A N/A N/A
D A D A A A N/A N/A
A A A A A A A A
C A A A C A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
D B B B D A N/A N/A
D B B B D A N/A N/A
C A C A A A N/A N/A
D A D A C A N/A N/A
D A D A C A N/A N/A
D B D B A A N/A N/A
D B D B A A N/A N/A
D B D B A A N/A N/A
D B D B A A N/A N/A
C A A A C A A A
A A A A A A A A
D A A A D A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
C A A A C A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
C A A A C A N/A N/A
D A A A D A N/A N/A
D A D A D A N/A N/A
D A D A D A N/A N/A
D A D A D A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
B B B B A A N/A N/A
D D D D A A N/A N/A
D D D D A A N/A N/A
D D D D A A N/A N/A
D D D D A A N/A N/A
D D D D A A N/A N/A
D D D D A A N/A N/A
D D D D A A N/A N/A
D A A A D A N/A N/A
C A A A C A A A
A A A A A A N/A N/A
C A A A C A N/A N/A
D A D A A A A A
A A A A A A N/A N/A
D A A A D A N/A N/A
D A A A D A N/A N/A
A A A A A A N/A N/A
D A A A D A N/A N/A
D D D D A A N/A N/A
D D D D A A N/A N/A
D D D D A A N/A N/A
D A A A D A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
D A A A D A A A
C A A A C A N/A N/A
A A A A A A N/A N/A
D A D A A A N/A N/A
C A A A C A N/A N/A
D A A A D A A A
D A D A A A N/A N/A
D A D A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
C A C A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A A A D A A A
C A A A C A N/A N/A
A A A A A A A A
D A A A D A A A
D A A A D A N/A N/A
C A A A C A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
D A D A A A A A
A A A A A A N/A N/A
C A C A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A D A A A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
C A A A C A A A
A A A A A A N/A N/A
C A A A C A N/A N/A
A A A A A A A A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
C A C A A A N/A N/A
B A B A A A A A
B A B A A A A A
C A A A C A N/A N/A
D A A A D A A A
A A A A A A N/A N/A
D A D A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
D A A A D A N/A N/A
C A A A C A A A
A A A A A A N/A N/A
D A D A D A N/A N/A
D A D A D A N/A N/A
C A C A C A N/A N/A
C A C A C A N/A N/A
C A C A C A N/A N/A
C A A A C A N/A N/A
A A A A A A N/A N/A
B B B B A A N/A N/A
A A A A A A N/A N/A
D B D B C A N/A N/A
D B D B C A N/A N/A
A A A A A A N/A N/A
C A A A C A N/A N/A
C A A A C A A A
A A A A A A A A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A A A
A A A A A A N/A N/A
D A D A C A N/A N/A
D A D A C A N/A N/A
D A D A C A N/A N/A
A A A A A A N/A N/A
A A A A A A A A


Table of Contents

Initial S&P Overall Loan Grade Final S&P Overall Loan Grade Initial S&P Credit Loan Grade Final S&P Credit Loan Grade Initial S&P Property Valuations Loan Grade Final S&P Property Valuations Loan Grade Initial S&P Compliance Loan Grade Final S&P Compliance Loan Grade
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
B B CB CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CC CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D A CD CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
D B CC CB VD VA N/A N/A
D B CC CB VD VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D A CD CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
C B CC CB VA VA N/A N/A
C B CC CB VA VA N/A N/A
C B CC CB VA VA N/A N/A
C B CC CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
C A CC CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
D A CD CA VA VA RA RA
D A CD CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C A CC CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
C A CC CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C A CC CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
D A CD CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D D CD CD VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
C A CC CA VA VA N/A N/A
D D CD CD VA VA RA RA
D A CD CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
D A CD CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
D A CA CA VD VA N/A N/A
D B CD CA VC VB RA RA
D B CD CA VC VB RA RA
A A CA CA VA VA RA RA
A A CA CA VA VA RA RA
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D B CC CB VD VA N/A N/A
D B CC CB VD VA N/A N/A
D B CD CA VC VB N/A N/A
D B CD CA VC VB N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
B A CB CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA RA RA
D A CD CA VD VA RA RA
D A CD CA VD VA RA RA
D A CD CA VD VA RA RA
D A CD CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D D CD CD VC VB RA RA
D D CD CD VC VB RA RA
D D CD CD VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
B A CB CA VA VA RA RA
C B CC CA VC VB N/A N/A
C B CC CA VC VB N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
D A CD CA VA VA N/A N/A
D A CA CA VD VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA RA RA
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
B B CB CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA RA RA
C B CA CA VC VB RA RA
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D B CD CA VC VB N/A N/A
D B CD CA VC VB N/A N/A
D B CD CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
D B CD CA VC VB RA RA
D B CD CA VC VB RA RA
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
C B CB CB VC VB N/A N/A
C B CB CB VC VB N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
D A CD CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
C A CC CA VA VA N/A N/A
C A CC CA VA VA RA RA
A A CA CA VA VA N/A N/A
D D CD CD VA VA N/A N/A
D D CD CD VA VA N/A N/A
D A CA CA VD VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
D B CD CB VD VA N/A N/A
D B CD CB VD VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA RA RA
D A CD CA VA VA N/A N/A
D B CD CB VA VA N/A N/A
D B CD CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA RA RA
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D B CB CB VD VA N/A N/A
D B CB CB VD VA N/A N/A
C A CC CA VA VA N/A N/A
D B CD CA VC VB N/A N/A
D B CD CA VC VB N/A N/A
D B CD CB VA VA N/A N/A
D B CD CB VA VA N/A N/A
D B CD CB VA VA N/A N/A
D B CD CB VA VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA RA RA
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
D A CA CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
B B CB CB VA VA N/A N/A
D D CD CD VA VA N/A N/A
D D CD CD VA VA N/A N/A
D D CD CD VA VA N/A N/A
D D CD CD VA VA N/A N/A
D D CD CD VA VA N/A N/A
D D CD CD VA VA N/A N/A
D D CD CD VA VA N/A N/A
D A CA CA VD VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
D D CD CD VA VA N/A N/A
D D CD CD VA VA N/A N/A
D D CD CD VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
D A CA CA VD VA RA RA
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D A CA CA VD VA RA RA
D A CD CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
C A CC CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA RA RA
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
D A CA CA VD VA RA RA
D A CA CA VD VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
C A CC CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
C A CC CA VA VA N/A N/A
B A CB CA VA VA RA RA
B A CB CA VA VA RA RA
C B CA CA VC VB N/A N/A
D A CA CA VD VA RA RA
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
D A CD CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
C B CC CA VC VB N/A N/A
C B CC CA VC VB N/A N/A
C B CC CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
B B CB CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
D B CD CB VC VB N/A N/A
D B CD CB VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
D B CD CA VC VB N/A N/A
D B CD CA VC VB N/A N/A
D B CD CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA


Table of Contents

Condition Category Condition Sub Category Condition Status Initial Securitization Condition Grade Final Securitization Condition Grade Initial S&P Condition Grade Final S&P Condition Grade Condition Code Condition Description
                 
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Income/Employment Active B B CB CB CRDINC2488 Verbal verification of employment missing
                 
                 
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Income/Employment Satisfied D A CD CA CRDINC2408 Income verification does not meet guidelines
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
                 
                 
                 
Credit Assets Active C B CC CB CRDAST205 Insufficient Funds to Close
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Credit Insurance Satisfied D A CD CA CRDINSR2400 Missing Flood Certification Document
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Terms/Guidelines Satisfied D A CD CA CRDTER4457 Mortgage Insurance required but MI Certificate is missing
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
                 
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Assets Active C B CC CB CRDAST206 Asset Amounts Are Unsupported by Documentation in File
Credit DTI Satisfied C A CC CA CRDDTI134 Debt Ratio Exception =>10%
Credit Income/Employment Satisfied C A CC CA CRDINC888 Income Amount is Unsupported by Documentation in File
Credit Terms/Guidelines Active B B CB CB CRDTER3256 Seller contributions exceed guideline requirements
                 
                 
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
                 
                 
                 
                 
Credit Assets Satisfied C A CC CA CRDAST205 Insufficient Funds to Close
                 
                 
Credit Terms/Guidelines Satisfied D A CD CA CRDTER4861 Missing Appraisal
Credit Assets Satisfied D A CD CA CRDAST2354 Asset Verification In File is Incomplete Per Requirements
Credit Credit/Mtg History Satisfied D A CD CA CRDCRMH183 Credit report incomplete
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
Credit Assets Satisfied C A CC CA CRDAST206 Asset Amounts Are Unsupported by Documentation in File
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
                 
                 
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
                 
                 
                 
Credit Income/Employment Satisfied C A CC CA CRDINC888 Income Amount is Unsupported by Documentation in File
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
                 
                 
                 
                 
                 
Credit Assets Satisfied C A CC CA CRDAST205 Insufficient Funds to Close
Credit Insurance Satisfied N/A A N/A CA CRDINSR865 Missing proof of flood insurance in File
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Legal Documents Satisfied D A CD CA CRDLGL4503 Missing Seller Closing Disclosure
Credit Terms/Guidelines Satisfied C A CC CA CRDTER4519 Appraisal not signed
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
                 
Credit Terms/Guidelines Active D D CD CD CRDTER4525 Completed "Subject To" w/o Completion Cert in File
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Legal Documents Satisfied N/A A N/A CA CRDLGL195 Missing Note
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Assets Satisfied C A CC CA CRDAST206 Asset Amounts Are Unsupported by Documentation in File
Credit Title Active D D CD CD CRDTIL4871 Missing Title Certification
Credit DTI Satisfied C A CC CA CRDDTI134 Debt Ratio Exception =>10%
Credit Income/Employment Satisfied D A CD CA CRDINC2408 Income verification does not meet guidelines
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR100 Missing Appraisal
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Income/Employment Satisfied B A CB CA CRDINC2488 Verbal verification of employment missing
Credit Legal Documents Satisfied D A CD CA CRDLGL195 Missing Note
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Credit Terms/Guidelines Satisfied D A CD CA CRDTER4525 Completed "Subject To" w/o Completion Cert in File
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Credit Assets Satisfied D A CD CA CRDAST2670 Asset documentation is insufficient per guideline requirements
                 
                 
Credit Assets Active C B CC CB CRDAST205 Insufficient Funds to Close
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Credit Terms/Guidelines Satisfied D A CD CA CRDTER4525 Completed "Subject To" w/o Completion Cert in File
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Insurance Satisfied D A CD CA CRDINSR2400 Missing Flood Certification Document
                 
                 
Credit Income/Employment Satisfied B A CB CA CRDINC2408 Income verification does not meet guidelines
Credit Assets Satisfied D A CD CA CRDAST2670 Asset documentation is insufficient per guideline requirements
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
Credit Terms/Guidelines Satisfied D A CD CA CRDTER2548 Missing AUS or AUS errors present
                 
Credit Insurance Satisfied D A CD CA CRDINSR2400 Missing Flood Certification Document
                 
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Credit Insurance Satisfied D A CD CA CRDINSR2400 Missing Flood Certification Document
Credit Legal Documents Satisfied N/A A N/A CA CRDLGL4033 Missing Legal Document(s)
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Credit DTI Satisfied C A CC CA CRDDTI134 Debt Ratio Exception =>10%
Credit Income/Employment Satisfied D A CD CA CRDINC2408 Income verification does not meet guidelines
Credit Legal Documents Satisfied D A CD CA CRDLGL2277 Note Not Executed
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Assets Active D D CD CD CRDAST2304 Unverified Assets
Credit Income/Employment Active C C CC CC CRDINC888 Income Amount is Unsupported by Documentation in File
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Credit Assets Satisfied B A CB CA CRDAST3078 Insufficient # of months cash reserves for PITI per guideline requirements
Credit Assets Satisfied C A CC CA CRDAST206 Asset Amounts Are Unsupported by Documentation in File
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Credit Income/Employment Satisfied D A CD CA CRDINC2408 Income verification does not meet guidelines
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
                 
                 
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Credit Income/Employment Active B B CB CB CRDINC2488 Verbal verification of employment missing
                 
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Credit Legal Documents Satisfied D A CD CA CRDLGL2277 Note Not Executed
                 
                 
                 
                 
                 
Credit Credit/Mtg History Satisfied D A CD CA CRDCRMH183 Credit report incomplete
Credit Legal Documents Satisfied D A CD CA CRDLGL195 Missing Note
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Credit Terms/Guidelines Satisfied D A CD CA CRDTER4523 Missing QC Credit Report
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
                 
                 
Credit Terms/Guidelines Active B B CB CB CRDTER3256 Seller contributions exceed guideline requirements
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
                 
Credit Insurance Satisfied D A CD CA CRDINSR2400 Missing Flood Certification Document
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Credit Assets Satisfied C A CC CA CRDAST206 Asset Amounts Are Unsupported by Documentation in File
Credit Terms/Guidelines Satisfied C A CC CA CRDTER4519 Appraisal not signed
                 
Credit Assets Active C C CC CC CRDAST205 Insufficient Funds to Close
Credit Assets Active D D CD CD CRDAST2670 Asset documentation is insufficient per guideline requirements
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
Credit Assets Active D B CD CB CRDAST2670 Asset documentation is insufficient per guideline requirements
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Credit Legal Documents Satisfied D A CD CA CRDLGL4503 Missing Seller Closing Disclosure
Credit Insurance Satisfied D A CD CA CRDINSR2400 Missing Flood Certification Document
Credit Legal Documents Active B B CB CB CRDLGL4033 Missing Legal Document(s)
                 
Credit Terms/Guidelines Satisfied D A CD CA CRDTER4457 Mortgage Insurance required but MI Certificate is missing
                 
Credit Insurance Satisfied D A CD CA CRDINSR2400 Missing Flood Certification Document
Credit Terms/Guidelines Satisfied D A CD CA CRDTER2548 Missing AUS or AUS errors present
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Credit Income/Employment Active B B CB CB CRDINC2488 Verbal verification of employment missing
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Credit Income/Employment Satisfied C A CC CA CRDINC888 Income Amount is Unsupported by Documentation in File
Credit Legal Documents Satisfied D A CD CA CRDLGL4503 Missing Seller Closing Disclosure
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Assets Satisfied D A CD CA CRDAST2670 Asset documentation is insufficient per guideline requirements
Credit Credit/Mtg History Satisfied D A CD CA CRDCRMH183 Credit report incomplete
Credit Income/Employment Satisfied D A CD CA CRDINC2408 Income verification does not meet guidelines
Credit Terms/Guidelines Active B B CB CB CRDTER3256 Seller contributions exceed guideline requirements
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Credit Assets Satisfied C A CC CA CRDAST205 Insufficient Funds to Close
Credit Legal Documents Satisfied D A CD CA CRDLGL2550 Missing HUD-1 from sale of property
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
                 
Credit Income/Employment Active B B CB CB CRDINC2488 Verbal verification of employment missing
Credit Assets Active C C CC CC CRDAST205 Insufficient Funds to Close
Credit Credit/Mtg History Satisfied D A CD CA CRDCRMH189 Missing credit report
Credit Income/Employment Active C C CC CC CRDINC888 Income Amount is Unsupported by Documentation in File
Credit Insurance Active D D CD CD CRDINSR2400 Missing Flood Certification Document
Credit Legal Documents Satisfied D A CD CA CRDLGL2422 Missing Purchase Contract
Credit Terms/Guidelines Active D D CD CD CRDTER4525 Completed "Subject To" w/o Completion Cert in File
Credit Title Active D D CD CD CRDTIL865 Title incomplete
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Income/Employment Satisfied D A CD CA CRDINC2408 Income verification does not meet guidelines
                 
Credit Legal Documents Satisfied N/A A N/A CA CRDLGL4033 Missing Legal Document(s)
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Credit DTI Active C C CC CC CRDDTI134 Debt Ratio Exception =>10%
Credit Income/Employment Active D D CD CD CRDINC2302 Missing Required Income Documentation
Credit Insurance Active D D CD CD CRDINSR2400 Missing Flood Certification Document
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Credit Legal Documents Satisfied D A CD CA CRDLGL195 Missing Note
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Credit Income/Employment Satisfied B A CB CA CRDINC2488 Verbal verification of employment missing
Credit Insurance Satisfied D A CD CA CRDINSR2400 Missing Flood Certification Document
                 
                 
                 
                 
                 
Credit Income/Employment Satisfied C A CC CA CRDINC888 Income Amount is Unsupported by Documentation in File
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Credit/Mtg History Satisfied D A CD CA CRDCRMH183 Credit report incomplete
                 
Credit Assets Satisfied C A CC CA CRDAST205 Insufficient Funds to Close
                 
                 
                 
                 
Credit Title Satisfied D A CD CA CRDTIL796 Missing Title
                 
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 
                 
                 
Credit Assets Satisfied C A CC CA CRDAST205 Insufficient Funds to Close
Credit Credit/Mtg History Satisfied B A CB CA CRDCRMH193 Length of mortgage/rental history in file does not meet guideline requirement
Property Valuations Appraisal Satisfied A A VA VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
Credit Terms/Guidelines Satisfied D A CD CA CRDTER4457 Mortgage Insurance required but MI Certificate is missing
                 
                 
                 
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Credit Legal Documents Satisfied D A CD CA CRDLGL4033 Missing Legal Document(s)
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
Credit DTI Satisfied B A CB CA CRDDTI105 Debt Ratio Exception 5% or Less
Credit Terms/Guidelines Satisfied C A CC CA CRDTER4519 Appraisal not signed
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Credit Income/Employment Active B B CB CB CRDINC2488 Verbal verification of employment missing
                 
Credit Terms/Guidelines Active D B CD CB CRDTER4525 Completed "Subject To" w/o Completion Cert in File
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Legal Documents Satisfied N/A A N/A CA CRDLGL4033 Missing Legal Document(s)
                 
                 
                 
                 
Credit Credit/Mtg History Satisfied C A CC CA CRDCRMH1805 Debts/obligations not disclosed/accounted for at origination
Credit Credit/Mtg History Satisfied D A CD CA CRDCRMH183 Credit report incomplete
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
                 
                 


Table of Contents

Condition Material Indicator Initial Comments Client/Seller Response Comments Conclusion
Comments
TRID Error Type Cure Method Compensating Factors
            (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.26.18 A desk review was received with a reported value of xxxxwhich supports the original appraised value of xxxx 1.26.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.26.18 A desk review was received with a reported value ofxxxx which supports the original appraised value of xxxx. 1.26.18 Exception satisfied
(No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx % less than the original appraised value of xxx. A desk review has been ordered to support the original appraised value. 2.15.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.15.18 Exception satisfied (No Data) Not Applicable (No Data)
No Missing VVOE. Received document from xxxx with pending status for xxxx. Borrower employed with the employer for past xxxx years per 1003. 3.6.18 xxxx agrees.
The 3rd party verification of xxxx was not provided.
3.6.18 Exception remains. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.25.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 1.25.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.26.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 1.26.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.30.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 1.30.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Missing complete business tax returns and K-1's for XXX, XXX, XXX, XXX, XXX, XXX, XXX and XXX. 3.15.18 - Client responded. All of the business tax returns are provided for your review. Please note only xxxx of the businesses is less than xxxx years old and it has very little income. Please also note, the lender used income which is less than what the tax returns show, brings the DTI to XXX. Lender did not use the trust income because lender is not required to use all of the income.
3.15.18 - XXX agrees all businesses are over xxxx years with exception of xxxx and income from that business is negligible therefore was not used. Trust income although apparent in file was not required to be used.
3.15.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Vendor was unable to provide an AVM, therefore a desk review was ordered to support the original appraised value of xxxx 1.26.18 A desk review was received with a value of xxxx which supports the original appraised value of xxxx. 1.26.18 Exception satisfied.
(No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No Missing verification of sufficient funds to close, short xxxx. Final 1003 reflects proceeds from sale of departing residence are being used but file did not include Settlement Statement to verify those funds. 4.16.18 - Client responded. xxxx provided. Home sold for xxxx% = xxxx minus the 2 mortgages = approx. proceeds of xxxx.
4.16.18 - xxxx has reviewed clients response xxxx search provided to reflect property sold. Although it is known that the property sold; net proceeds were needed to close subject loan and departing CD was not provided. Without the actual guidelines from xxxx this cannot be satisfied. xxxx will deem this as non material exception but must remain active.
4.16.18 - Exception remains. (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments: borrower has been on current position for xxxx years.

CFCFS2860: Good credit history
- Clayton Comments: Borrowers have good established credit history.
No Vendor was unable to provide an AVM, therefore a desk review was ordered to support the original appraised value of xxxx 1.26.18 A desk review was received with a value of xxxx which supports the original appraised value of xxxx. 1.26.18 Exception satisfied. (No Data) Not Applicable CFCFS2854: Significant time in profession
- Clayton Comments: borrower has been on current position for xxxx years.

CFCFS2860: Good credit history
- Clayton Comments: Borrowers have good established credit history.
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.25.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 1.25.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No Flood Certificate in file is blank. 3.9.18 - Client responded. Flood cert provided. 3.9.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.29.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 1.29.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Missing MI Cert reflecting required xxxx% coverage as per AUS approval. 3.14.18 Client responded. The mortgage insurance certificate is attached for your review. 3.14.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Vendor was unable to provide an AVM, therefore a desk review was ordered to support the original appraised value of xxxx 1.30.18 A desk review was received with a value of xxxx which supports the original appraised value of xxxx 1.30.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.24.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 1.24.18 Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.25.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 1.25.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Missing source of deposit $xxxx to xxxx acct on xxxx. Funds transferred to xxxx acct xxxx on xxxx, used for funds to close. 3.22.18 - Agree the deposit for $xxxxis not sourced, however Borrowers' have a total of $xxxx verified funds to close and need $xxxx. This leaves the Borrower's with $xxxx in cash reserves, which when reduced by the $xxxx deposit, results in only $xxxxof the un-sourced funds being used to close.
3.22.18 -xxxx has reviewed and when backing out the un-sourced deposit this leaves the borrower short funds to close $xxxx which is minimal and non material. - Exception remains.
4.30.18 - xxxx agrees the with the revised grade.
4.30.18 - Exception remains. (No Data) Not Applicable (No Data)
No File is missing a copy of contract and paystub for Co-Borrower in order to support the qualifying income of $xxxx as stated on final 1003. (new job) . Excluding this income, the final DTI is xxxx%. 3.22.18 - Client responded. The CB paystub and employee contract are attached for your review supporting income used. 3.22.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Per VVOE in file, the Co-Borrower started a new job on xxxx. Loan Closed on xxxx. Per xxxx guidelines, in lieu of contract, provide most recent paystub supporting qualifying income as stated on final 1003. 3.22.18 - Client responded. The CB paystub and employee contract are attached for your review supporting income used. 3.22.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Per final CD Seller contribution $xxxx Total Closing cost $xxxx. Seller concession exceed by $xxxx. Sales price per contract xxxx. Updated sales price xxxx less $xxxx=$xxxx Adjusted LTV remains at xxxx% LTV, therefore , considered non material. 4.30.18 - xxxx agrees the with the revised grade. 4.30.18 - Exception remains. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
No Vendor was unable to provide an AVM, therefore a desk review was ordered to support the original appraised value of xxxx 1.26.18 A desk review was received with a value of xxxx which supports the original appraised value of xxxx 1.26.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No Provide documentation supporting $xxxx funds to close; or provide statement or documentation to show transfer of $xxxx gift funds on xxxx as per gift letter in file. 3.13.18 Client provided proof of the wire transfer in the amount of xxxx. 3.13.18 Exception satisfied. (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments: DTI xxxx% below guideline requirement

CFCFS1734: Borrower has significant time at current job
- Clayton Comments: Borrower employed with current employer since xxxx
            (No Data)
            (No Data)
No According to the guidelines, an appraisal was required. The Lender did not provide a full appraisal or an LP (AUS) allowing an appraisal waiver 3.13.18 Client provided an AUS that allows for an appraisal waiver. 3.13.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Bank statements are dated xxxx days from Note date; Note xxxx, documents dated xxxx & xxxx: please provide updated statements. 2.28.18 - Client responded. Asset statements provided that are within xxx days.
2.28.18 -xxxx has reviewed and assets meet xxxx day requirement and support assets needed to close.
2.28.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Credit report dated xxxx, exceeds allowable xxxx days of Note date xxxx, document has expired. Missing AUS credit report dated xxxx 2.28.18 - Client responded. Credit report from xxxx matching AUS was provided.
2.28.18 - xxxx has reviewed and credit report is within xxxx days as requires, matches AUS and supports other debt used.
2.28.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Vendor was unable to provide an AVM, therefore a desk review was ordered to support the original appraised value of xxxx 1.26.18 A desk review was received with a value of xxxx which supports the original appraised value of xxxx 1.26.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No Provide statement to support source of xxxx deposit dated xxxx, borrower has insufficient verified assets to satisfy xxxx. and xxxx. deposits to title company if deposit remains unsourced. 3.22.18 - Client responded. Documents to source large deposit provided. 3.22.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx % less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.31.18 desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 1.31.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No Vendor was unable to provide an AVM, therefore a desk review was ordered to support the original appraised value of xxxx 2.6.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.6.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No Please provide copy of xxxx extension for filing of xxxx taxes. 3.7.18 Client provided xxxx extension 3.7.18 Exception satisfied (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.24.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 1.24.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No Missing bank statements reflected on approval to support remaining required funds to close; CTC required as per CD $xxxx, documentation supporting $xxxx provided via net proceeds, short $xxxx 3.7.18 Client provided additional assets to meet required cash to close. 3.7.18 Exception satisfied (No Data) Not Applicable (No Data)
No Flood Certificate in file reflects property is in flood zone. Please provide proof of flood insurance. 3.7.18 Client provided updated flood cert xxxx partially in flood zone insurance not required 3.7.18 Exception Satisfied (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.25.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 1.25.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Missing Seller CD to confirm no additional borrower fees paid by seller. 3.5.18 - Client responded. The seller CD is attached for your review.
3.5.18 - xxxx has reviewed and Seller CD reflects no other borrower costs paid by seller.
3.5.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Provide signed and legible copy of appraisal with acceptable photo's of subject property and comparable sales and appraiser License information. 2.23.18 Client provided a legible copy of the appraisal. 2.23.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Vendor was unable to provide an AVM, therefore a desk review was ordered to support the original appraised value of xxxx 1.31.18 A desk review was received with a value of xxxx which supports the original appraised value of xxxx 1.31.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
Yes Missing completion cert. 5.10.18 - Client responded. XXX agrees the completion cert was not provided. 5.10.18 - Exception remains. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.24.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 1.24.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.24.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 1.24.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.25.18 A desk review was received with a reported value of xxxx which xxxx. 1.25.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Missing perm note from file. Only original construction loan note and addendum to it in file. 5.7.18 - Client responded. Loan Modification Agreement for perm provided. 5.7.18 - Exception satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxx exceeds guidelines

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments: No reserves required, borrowers have $xxxx in reserves.
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.23.18 - A desk review was received with a reported value ofxxxx which supports the original appraised value of xxxx. 3.23.18 – Exception Satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxx exceeds guidelines

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments: No reserves required, borrowers have $xxxx in reserves.
No Missing Trust Agreement for Family Trust or signed statement from the trustee or trustee manager: Identifying the borrower as a beneficiary and confirms access to all or certain portion of the funds. 3.13.18 Client provided statements dated xxxx showing that the borrower has xxxx in stocks in his name. 3.13.18 Exception satisfied. (No Data) Not Applicable (No Data)
Yes Please provide title commitment or final loan policy for subject loan. 5.11.18 - Client responded. xxxx Agrees the title policy/commitment is missing from the file. 5.11.18 - Exception remains. (No Data) Not Applicable (No Data)
No LP approved DTI of xxxx%. Reviewer calculated B1 income of $xxxx+ B2 income of $xxxx= $xxxx. Subject PITI of $xxxx + investor non subject PITI of $xxxx + other debt of $xxxx= $xxxx / $xxxx =xxxx% DTI. Lender utilized net rental income of $xxxx, file is missing 1040's reviewer unable to determine rental income. 3.12.18 - Client responded.xxxx 1040s are attached for your review and the rental income of $xxxx is supported. 3.12.18 - Exception satisfied. (No Data) Not Applicable CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments: Per the VVOE, the co borrower was employed with the current employer for xxxx years and xxxx months with a start date of xxxx.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Per the matrix, the minimum credit score required was xxxx. The qualifying credit score for the borrowers was xxxx
No Missing xxxx 1040's to determine rental income for commercial property. 3.12.18 - Client responded. xxxx 1040's provided. 3.12.18 - Exception satisfied. (No Data) Not Applicable CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments: Per the VVOE, the co borrower was employed with the current employer for xxxx years and xxxx months with a start date of xxxx.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Per the matrix, the minimum credit score required was xxxx. The qualifying credit score for the borrowers was xxxx
No File is missing the appraisal. Please provide. 3.8.18 - Client responded. Appraisal provided. 3.8.18 - Exception satisfied. (No Data) Not Applicable CFCFS1735: Co-Borrower has significant time at current job
- Clayton Comments: Per the VVOE, the co borrower was employed with the current employer for xxxx years and xxxx months with a start date of xxxx.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Per the matrix, the minimum credit score required was xxxx. The qualifying credit score for the borrowers was xxxx
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.30.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 1.30.18 Exception satisfied. (No Data) Not Applicable (No Data)
No The file is missing VVOE within 10 business days of closing for B1. 4.30.18 - Client responded. The lender used only the co-borrowers income as indicated on one of the transmittals and on the final application and delivered data. The Borrowers VVOE is not required. 4.30.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Please provide missing signed Noted dated xxx in the amount of $xxxx from xxxx. 5.11.18 - Client responded. Note provided. 5.11.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx 3.26.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.26.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.29.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 1.29.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.26.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 1.26.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Vendor was unable to provide an AVM, therefore a desk review was ordered to support the original appraised value of xxxx 1.31.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 1.31.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Please provide xxxx completion certificate 3.20.18 - Client responded. Signed Warranty of Completion of Construction and CO provided. 3.10.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.26.18 A desk review was received with a reported value of xxx which supports the original appraised value of xxxx 1.26.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No Please provide copy of CD for sale of departing residence that reflects net proceeds of $xxxx to support large deposit to xxx checking account xxxx 3.21.18 - Client responded. Departing CD provided supporting net proceeds. 3.21.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No Missing documentation to support CTC as reflected on CD in the amount of $xxxx; documents in file have expired (123 days old), Note date xxxx, statements dated xxxx and xxxx 3.20.18 - Client responded. The asset documentation was dated over xxxx days prior to the Note Date however xxxx believes that the loan is still acceptable. The file included a checking account statement that was xx days old which was only expired by xxxx days. Based on the document being so close to the xxxx day requirement xxxx believes that this issue is immaterial and the assets can still be considered. The file also contained a xxxx statement (comprised of a Money Market account and a Brokerage account) that was xxxx days old. This statement also exceeded the xxxx day requirement however the file contained two statements that showed minimal activity and increasing balances. Based on the type of accounts and the history documented in the file it is reasonable to conclude that the funds in this account were still available as well. An additional compensating factor is that the Borrowers had an IRA account with a balance of over $xxxx as of xxxx. This account is not included in the above assets however it can be considered an additional compensating factor as these funds were also likely available to the Borrowers. Overall the documentation was slightly expired however xxxx does not consider this to be material to the overall quality of the loan and believes the assets can still be considered as funds available to close the subject loan.
3.20.18 - xxxx has reviewed clients response and based on the fact the assets were only xxxx days after the xxxx days and the compensating factors for the retirement account funds this is non-material.
3.20.18 - Exception remains. (No Data) Not Applicable (No Data)
No Vendor was unable to provide an AVM, therefore a desk review was ordered to support the original appraised value of xxxx 1.29.18 A desk review was received with a value of xxxx which supports the original appraised value of xxxx 1.29.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Missing cert of completion as per plans and specs as required via original appraisal completed "subject to". 3.6.18 - Client provided Signed Warranty of Completion of Construction and Certificate of Occupancy. 3.6.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 1.29.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 1.29.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Missing Flood Certification. Copy in file is blank. 3.8.18 - Client responded. The flood cert is attached for your review. 3.8.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No No income documents in file prior to close. Qualifying Income $xxxx as per post close WVOE. 3.14.18 - Client responded. WVOE prior to closing provided and supports income on AUS. 3.14.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Missing documentation of gift in the amount of $xxxx. Per Gift letter total gift funds $xxxx. File confirms receipt of $xxxx was initial EMD/gift in file.The remaining gift was to be transferred at closing. Closing CD does not reflect receipt of gift funds. 3.9.18 Client provided proof of gift finds in the amount of xxxx. 3.9.18 Exception satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines
            (No Data)
No Vendor was unable to provide an AVM, therefore a desk review was ordered to support the original appraised value of xxxx. 1.29.18 A desk review was received with a value of xxxx which supports the original appraised value of xxxx. 1.29.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Subject Loan amount over conforming limit of $xxxx and AUS is missing from file. 3.14.18 - Client responded. The DU approval has been forwarded for your review. 3.14.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Flood cert provided in file is blank, missing complete flood cert. 3.13.18 Client provided copy of flood insurance 3.13.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No Vendor was unable to provide an AVM, therefore a desk review was ordered to support the original appraised value of xxxx. 1.30.18 A desk review was received with a value of xxxx which supports the original appraised value of xxxx 1.30.18 Exception satisfied (No Data) Not Applicable (No Data)
No Missing Flood Certification documentation 5.3.18 - Client responded. Flood cert provided. 5.3.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Upon further xxx review, Condo requires Full Review- missing condo budget to verify if at least xxx was allocated for reserves 5.2.18 - Client responded. . Provided is a copy of the CPM contained in the loan file which meets condo eligibility requirements. The Guide allows for xxx reciprocal reviews per section xxx. Note - the plat maps and site plans are not part of the condo project review scope. 5.2.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No LP approved DTI of xxxx%. Reviewer calculated B income of $xxxx. Subject PITI of $xxxx+ other debt of $xxxx= $xxxx/ $xxxx= xxxx% DTI. Lender included SS income; file is missing award letter and current receipt of same. 4.24.18 - Client responded. SS awards letters and copy of birth certificates provided for all xxx children for SSI to support income used. 4.24.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Missing SSI Award Letters, verification of current receipt and documentation that SS from xxx children will continue for xxx years (age of children). 4.24.18 - Client responded. SS awards letters and copy of birth certificates provided for all xxxx children for SSI to support income used. 4.24.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Please provide copy of signed Note. 3.7.18 Client provided signed note 3.7.18 Exception Satisfied (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx % less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.14.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.14.18 Exception satisfied. (No Data) Not Applicable (No Data)
Yes Missing funds used to close loan $xxxx and proof of Down payment, please provide bank statements and cancelled checks for EMD payment of $xxxx. CD for sale of exiting residence is missing, please provide. 5.11.18 XXXX agrees that loan file does not contain documentation to verify sufficient assets to close the subject loan. 5.11.18 Exception remains. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments: LTV is at xxx > xxx below

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Borrowers credit mid score is xxxx exceeding minimum FICO
Yes Income documentation is missing to verify SSI & Pension income for both B1 & B2. Please provide Pension and SSI Award letters or bank statements to document income reported on 1003. 5.11.18 xxxx agrees that loan file does not contain documentation to verify the Borrowers incomes to close the subject loan. 5.11.18 Exception remains. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments: LTV is at xxx > xxx below

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Borrowers credit mid score is xxxx exceeding minimum FICO
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.16.18 Exception satisfied. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments: LTV is at xxx > xxx below

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Borrowers credit mid score is xxxx exceeding minimum FICO
            (No Data)
            (No Data)
No Borrower has insufficient funds to payoff of monthly account balance $xxxx; required reserves per DU. Statements provided support xxxx assets , CTC + xxxx. + xxxx. EM (statement reflecting balance after wire date was not provided) total xxxx, leaving borrower short xxxx verified reserves/assets. 3.12.18 - Client responded. The HUD from the refinance of the prior primary is attached. This was a cash out refinance which disbursed the same day as the subject closing and verifying sufficient funds for closing and reserves. 3.12.18 - Exception satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines

CFCFS1734: Borrower has significant time at current job
- Clayton Comments: B2 has xxxx yrs + with current employer.
No Per LP provide documentation supporting $xxxx from the sale of departing residence. File contains an estimate of proceeds but not a final CD to reflect final net proceeds. 4.4.18 - Client responded. Asset docs to support cash to close were provided in form of departing HUD and IRA withdrawal. 4.4.18 - Exception satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.19.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.19.18 Exception satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx 2.15.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.15.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx 2.15.18 A desk review was received with a reported value of xxx which supports the original appraised value of xxxx 2.15.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Provide most recent year W2. 3.14.18 - Client responded.xxxx W2 provided. 3.14.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx 2.19.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.19.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.14.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.14.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Missing VVOE for B1, please provide VVOE within xxxx business days of closing date. 3.21.18 - Client responded. xxxx Agrees: The VVOE is missing for the Borrower. 3.21.18 - Exception remains. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx % less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx % less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Provide fully executed Note-Pg3 . 4.10.18 - Client responded. Executed note provided. 4.10.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            CFCFS1744: DTI below guideline requirement
- Clayton Comments: DTI xxxx% below guideline requirement.
            (No Data)
            (No Data)
No Provide complete credit report dated xxxx . Missing pages xxxx 4.9.18 - Client responded. Full credit report provided. 4.9.18 - Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments: Borrower employed at current job from past xxxx years.
No Missing Note. 4.9.18 Client provided copy of the Note 4.9.18 Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments: Borrower employed at current job from past xxxx years.
No An AVM was received with a reported value of xxxx which was a variance of xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.20.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.20.18 Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments: Borrower employed at current job from past xxxx years.
No An AVM was received with a reported value of xxxx which was a variance of xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.19.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.19.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Missing complete audit credit report, report provided reflects possible incomplete Data, full report missing. 4.9.18 - Client responded. The QCCR is attached for your review. 4.9.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No Per the final CD dated xxxx, the borrower’s total closing costs were $xxxx. The seller credit of $xxxx exceeded the total closing costs by $xxxx. This is considered a non material exception. 03.23.18 - Client responded.xxxx Agrees: Seller exceeded actual closing costs by a minimal amount, and is non material. 03.23.18 - Exception remains. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx % less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.20.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.20.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
No Missing Flood Certification; Certification provided is not for subject transaction. 3.15.18 - Client responded. The correct flood cert is attached for your review. 3.15.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx 2.15.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.15.18 Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx % less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.15.18 A desk review was received with a reported value of xxxx which was a variance of xxxx% less than the original appraised value of xxxx. A field review is recommended to support the original appraised value.Exception remains.
3.1.18- A Field review was received with a reported value of xxxx which supports the original appraised value of xxxx
3.1.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Provide paper trail supporting deposits of $xxxx and $xxxx on xxxx . Funds used for down payment xxx. and CTC required xxxx. 3.14.18 - Client responded. The xxxx account containing the xxxx statements documenting the source and liquidation of $xxxx and $xxxx has been provided for your review. 3.14.18 - Exception satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines
No Appraisal is missing appraisal signature. 3.6.18 Client provided appraisal with signature. 3.6.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
Yes Assets required $xxxx which includes xxxk EMD and cash to close of $xxxx. Verified assets of $xxxx; short $xxxx. 5.10.18 - Client responded. xxx agrees that the subject file was missing sufficient documented funds to close including proof of receipt of xxx in gift funds and documentation of required additional funds of xxx. 5.10.18 - Exception remains. (No Data) Not Applicable (No Data)
Yes Missing evidence of receipt of $xxxx gift. LOE in file states funds to be wired directly to Settlement agent but does not reflect on Final CD/Post Close CD. 5.10.18 - Client responded. xxx agrees that the subject file was missing sufficient documented funds to close including proof of receipt of xxx in gift funds and documentation of required additional funds of xxx. 5.10.18 - Exception remains. (No Data) Not Applicable (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx 2.20.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.20.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Missing 2 full month asset documentation as required via approval, only 1 month statement provided dated xxxx. 3.22.18 - Client responded. The borrower has retirement accounts totaling xxxx. Subtracting the funds to close and 3 years of income. There is still xxxx remaining reserves. The missing statement would not have an adverse effect on the overall loan.
3.22.18 - Clayton has reviewed and agrees this is non-material based on the reserves.
3.22.18 - Exception remains. (No Data) Not Applicable (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx. 2.15.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.15.18 Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No Provide Seller Closing Disclosure. Missing Seller CD and Final CD in file does not disclose seller costs/fees on pages 2 or 3. 4.4.18 - Client responded. Seller CD provided and reflects no borrower paid costs by seller. 4.4.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Missing Flood Certification 3.22.18 - Client responded. Flood cert provided. 3.22.18 - Exception satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines
No Provide documentation or complete divorce decree supporting monthly child support payment $xxxx as stated on final 1003. Original petition and Notice of Appearance in file does not indicate child support payment. Using the xxxx amount, the DTI is low at xxxx% and therefore, is considered non material. 4.30.18 - xxxx Agrees. xxxx agrees the with the revised grade. 4.30.18 - Exception remains. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines
            (No Data)
No Mortgage Insurance certificate in file is blank. 1003 reflects xxxx monthly MI payment. Please provide Lender paid MI certificate. Doc in file is blank. 3.20.18 - Client responded. The MI cert is attached for your review. 3.20.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Missing Flood Certification 3.9.18 - Client responded. Flood cert provided. 3.9.18 - Exception satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines.
No Missing AUS. Per Note loan amount $xxxx. 3.14.18 - Client responded. The DU approval has been forwarded for review. 3.14.18 - Exception satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines.
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No Please provide missing VVOE for both borrowers within 10 business days of closing. 3.14.18 -Client responded. xxxx Agree: The VVOE's are missing for both borrower's. 3.14.18 - Exception remains. (No Data) Not Applicable (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Fully executed and accepted Offer letter in file confirms annual pay rate but has pre-employment requirements , other contingencies such as background checks and US work authorization requirements. Per xxxx guideline: provide documentation from the employer verifying all contingency have been cleared. Also, Offer letter does not specify start date but per email in file, start date xxxx. Files does not contain post close VVOE confirming start date and employment status. 3.13.18 Please reconsider the exception. The Co-Borrower’s start date of xxxx was confirmed by the employer and a VVOE was not required as that date was after the subject closing dated of xxxx. The pre-employment requirements of the employment letter are Rep and Warrant for the lender.
Clayton reviewed again. As per xxxx, the contingencies of employment are not part of the scope of work and are covered by the repos and warrants.
3.13.18 Exception satisfied. (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments: DTI xxxx% below guideline requirement
No Provide Seller Closing Disclosure to confirm no other borrower costs paid by seller. Missing Seller CD and Final CD in file does not disclose seller costs/fees on pages 2 or 3. 3.6.18 - Client provided Seller disclosure and no other borrower costs paid by seller. 3.6.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.20.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.20.18 Exception satisfied. (No Data) Not Applicable (No Data)
No File contains 1 month bank statements for xxxx & xxxx, standard documentation requires 2 months bank statements. 3.16.18 - Client responded. LP provided only reflects 1 months bank statements required. 3.16.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Missing Lender Credit Report for B2; monthly obligation were taken from B2 final 1003 for DTI qualifications. 3.16.18 - Client responded. Credit report for B2 provided. 3.16.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Missing most recent year W-2's for B1 & B2. 3.16.18 - Client responded. W2's for both borrower's provided. 3.16.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Seller contributions exceed guideline requirement. The guidelines limit the maximum allowable seller contribution on anxxxx% LTV loan to the lesser of xxxx% or the total amount of buyer closing cost. The CD reveals borrowers closing costs of $xxxx with a seller credit of $xxxx. This exceeds the actual costs by xxxx. Reducing the sales price results in an LTV of xxxx 3.16.18 -xxxx agrees with the exception . The amount paid by the Seller was excessive by $xxxx however this is not considered material to the overall investment quality of the loan. When considered as a sales concession the actual LTV increases from xxxx% to xxxx% which is less than xxx(it increases from xxxx% to xxxx% when rounded) which is in the same xxxx% LTV bucket and requires the same amount of MI Coverage. The Borrowers put over $xxxx in personal funds into the transaction and had sufficient verified assets to cover the excessive amount that was paid by the Seller. Based on the amount of funds put into the transaction by the Borrowers and the small amount of the overage paid by the Seller xxxx agrees that the issue is not material and that the LTV does not have to be changed. . 3.16.18 - Exception remains. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx % less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A field review is recommended to support the original appraised value.
2.16.18 Exception remains.
3.5.18- A Field review was received with a reported value of $xxxx which supports the original appraised value of $xxxx.
3.5.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx % less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.14.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.14.18 Exception satisfied. (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments: DTI xxxx% below guideline requirement
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx. 2.22.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.22.18 Exception satisfied. (No Data) Not Applicable (No Data)
No Borrower short funds to close $xxxx. Per CD total funds required from Borrower $xxxx. Verified assets $xxxx per bank statement. Proceeds from sale of other property were not in file. 4.19.18 - Client responded. CD for sale of REO property provided to meet required funds to close. 4.19.18 - Exception satisfied. (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments: DTI xxxx% below guideline requirement
No Provide documentation final CD or HUD supporting sale of REO listed on final 1003 as funds are needed for closing. 4.19.18 - Client responded. CD for sale of property listed on REO provided reflecting closed same day as subject. 4.19.18 - Exception satisfied. (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments: DTI xxxx% below guideline requirement
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx. 2.20.18 - A Desk review was received with a reported value of $xxxx which supports the original appraised value of $xxxx. 2.20.18 - Exception satisfied. (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments: DTI xxxx% below guideline requirement
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
No Missing Verbal VOE for B1 3.21.18 - Client responded. xxxx Agrees: The VVOE is missing for the Borrower. 03.21.18 - Exception remains. (No Data) Not Applicable (No Data)
Yes Per CD funds required for closing $xxxx. Missing Bank statements in file supporting total assets $xxxx including earnest money $xxxx. 5.11.18 - Client responded. xxxx agrees verification of sufficient assets to close are missing from the loan file. 5.11.18 - Exception remains. (No Data) Not Applicable (No Data)
No Missing original credit report. Post close credit report in file. 4.26.18 - Client responded. Credit report provided. 4.26.18 - Exception satisfied. (No Data) Not Applicable (No Data)
Yes Provide W2 for the most recent calendar year or a written VOE and paystub documenting all YTD earnings and earnings for the most recent calendar year. Post close written VOE in file. 5.11.18 - Client responded. XXXX agrees complete income docs are missing from loan file. 5.11.18 - Exception remains. (No Data) Not Applicable (No Data)
Yes Missing Flood Certification Document. 5.11.18 - Client responded. xxxx agrees Flood Certificate is missing from file. 5.11.18 - Exception remains. (No Data) Not Applicable (No Data)
No Missing Purchase Contract. 4.26.18 - Client responded. Purchase contract provided. 4.26.18 - Exception satisfied. (No Data) Not Applicable (No Data)
Yes Appraisal in file completed "Subject to completion per plans and specs." Provide completion cert. 5.11.18 - Client responded. xxxx agrees completion cert is missing from loan file. 5.11.18 - Exception remains. (No Data) Not Applicable (No Data)
Yes Provide complete title with vesting details. 5.11.18 - Client responded. xxxx agrees complete title is missing from loan file. 5.11.18 - Exception remains. (No Data) Not Applicable (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.14.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.14.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
No File contains first page of xxxx 1120S, please provide full xxxx business taxes and xxxx K1's for review. Income was calculated using net profit from 1st page of 1120S. 3.21.18 - Client responded. Full Business returns provided and support income used. 3.21.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Upon further Clayton review, Condo requires Full Review- missing condo budget to verify if at least xxx was allocated for reserves 5.2.18 - Client responded. The attached pages taken from the condo docs in the file show income of xxx. Reserves of xxx is required. The budgeted reserves are xxx, which is within the xxx tolerance. 5.2.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx. 2.16.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.16.18 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No The Vendor was unable to provide an AVM. A desk review has been ordered to support the original appraised value of xxxx. 2.19.18 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 2.19.18 Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments: Borrower has xxxx year with current employer

CFCFS1744: DTI below guideline requirement
- Clayton Comments: Calculated DTI xxxx% of Max xxxx%.
Yes 1008 reflect Sch C xxxx income used income documentation. 5.11.18 - Client responded. Freddie Mac agrees the tax returns to support the income used were not provided. 5.11.18 - Exception remains. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments: Verified cash reserves $xxxx exceed guidelines.
Yes 1008 reflect Sch C xxxx income used $xxxx to qualify. File did not contain any income documentation. Please provide the 2016 tax returns as per the AUS.. 5.11.18 - Client responded. Freddie Mac agrees the tax returns to support the income used were not provided. 5.11.18 - Exception remains. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments: Verified cash reserves $xxxx exceed guidelines.
Yes Missing Flood Certification. 5.11.18 - Client responded. Freddie Mac agrees the file is missing the Flood certification. 5.11.18 - Exception remains. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines.

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments: Verified cash reserves $xxxx exceed guidelines.
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx 3.26.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.26.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx 3.26.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.26.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Please provide copy of signed Note for subject loan for review. 4.6.18 - Client responded. Copy of Note provided. 4.6.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.23.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.23.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx. 3.23.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.23.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No Missing Verbal VOE for Borrower 2. 5.1.18 - Client responded. VVOE for B2 provided. 5.1.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Missing Flood certification 5.1.18 - Client responded . Flood cert provided. 5.1.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No Missing CPA letter to confirm that the debts listed in line 17d on Schedule L can be rolled over and are not due and payable in the tax year. 4.30.18 - Client responded. LOE provided from Lender stating commercial loan was paid off and was for business purposes. 4.30.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.23.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.23.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx 3.26.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.26.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.26.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.26.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx. 3.23.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.23.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx. 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.23.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.23.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No Missing credit report for B1 and B2 dated xxxx as reflected on AUS approval. Debts have been input based on final 1003 for qualifying purpose and are subject to change based on review of credit report. 4.25.18 - Client responded. The missing credit report is attached for your review. 4.25.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Cash required to close $xxxx. Only asset in file is Gift of xxxx. DU reflects a retirement account and net proceeds from sale of departing residence. Documents for neither are in file. Short $xxxx to close. 4.4.18 - Client responded. The HUD from the sale of prior home verifying sufficient funds is attached for your review. 4.4.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No Missing title documentation.
5.11.18 - Client responded. xxxx Agrees the title policy/commitment is missing from the file 5.11.18 - Exception remains. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.23.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.23.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No Borrower short funds to close XXX. Missing documentation to support sale of departing residence as listed on final 1003. Per DU and 1003, net proceeds from sale of home XXX. 5.7.18 - Client responded. Settlement Statement for sale of departing residence provided supporting funds required to close. 5.7.18 - Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments: Both borrower have xxxx years current employer.

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit scores xxxx exceeds guideline requirements for transaction.
No Missing DU required verification of mortgage for mortgage with monthly payments of XXX and an outstanding balance of XXX. 5.7.18 - Client responded. VOM provided to support monthly payments on time and loan had matured. 5.7.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx 3.23.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.23.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Provide copy of MI Certificate. 5.7.18 - Client responded. Mortgage Cert provided as required. 5.7.18 - Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx. 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.24.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.24.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Provide copy of the lease documents for the solar system based on xxxx guide. 5.3.18 - Client responded. Copy of solar lease provided and meets guides. 5.3.18 - Exception satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines
No The Vendor was unable to obtain an AVM. A desk review has been ordered to support the original appraised value of xxxx 3.23.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.23.18 – Exception Satisfied. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Credit score xxxx exceeds guidelines
No xxxx calculated DTI xxxx%; total Debt xxxx subject PITI xxxx+ add’l debt xxxx using updated credit report xxxx. 1008 reflects other debt of $xxxx for difference of $xxxx. Total income xxxx: B1 xxxx+B2 xxxx; total DTIxxxx%. LP approved at xxxx. 5.7.18 - Client responded. Updated LP provided with an eligible accept for XXX% DTI. 5.7.18 - Exception satisfied. (No Data) Not Applicable CFCFS2860: Good credit history
- Clayton Comments: xxxx mos good established credit history.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments: Borrowers have xxxx years established xxxx history.
No Appraisal not signed by appraiser. 4.18.18 - Client responded. Signed appraisal provided. 4.18.18 - Exception satisfied. (No Data) Not Applicable CFCFS2860: Good credit history
- Clayton Comments: xxxx mos good established credit history.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments: Borrowers have xxxx years established xxxx history.
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.22.18 – Exception Satisfied. (No Data) Not Applicable CFCFS2860: Good credit history
- Clayton Comments: xxxx mos good established credit history.

CFCFS1734: Borrower has significant time at current job
- Clayton Comments: Borrowers have xxxx years established xxxx history.
No An AVM was received with a reported value of xxxx which was a variance of xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No Please provide VVOE for B2 within xxx business days of closing. 5.8.18 - Client responded. xxx agrees that the VVOE for B2 is missing from the loan file however there are no red flags regarding the employment. The file contains a written VOE and several pay stubs to document the income and the asset statements reflect income deposits being made. Additionally B2 was found under thexxxx on the xxxx website which confirms that she is still employed. 5.8.18 - Exception remains. (No Data) Not Applicable (No Data)
            (No Data)
No Appraisal dated xxxx completed " subject to completion per plans and specs." Provide completion cert or Certificate of Occupancy. Lender approval reflects as cleared condition and fee shown on CD for final inspection but not in file. Escrow holdback on final CD and need to determine what this is for based on completion cert. 5.11.18 - Client responded. xxxx agrees with the exception. The completion cert verifying what had been completed and what was still to be done was missing from the loan file. Exception remains.
5.22.18 Client provided a 442 showing that the interior was completed. The exterior sod and pavement is still not completed due to the weather in xxxx , but there is an escrow holdback. Due to the 442 being dated after the loan closing xxxx this will not be considered satisfied, but will be considered a non- material exception.
5.22.18 - Exception remains. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.26.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.26.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.23.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.23.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.22.18 - A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 3.22.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
No In trying to determine if condo is eligible file only has a Project Warranty form. Please provide budget or condo questionnaire so we can fully determine if eligible per full review. 5.11.18 - Client responded. xxxx agrees documents confirming condo project eligibility are missing from the loan file. 5.11.18 - Exception remains. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
            (No Data)
No Missing documentation to support that the XXX pays the real estate taxes and insurance for departing residence. Commercial loan statement provided however supporting financial support documentation remains outstanding. 5.8.18 - Client responded. Attached is information showing the business pays the taxes and insurance on the prior primary/business address.
5.8.18 - Clayton has reviewed and CPA letter supports business paying taxes and insurance on prior primary/business address.
5.8.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No Missing lender credit report dated xxxx as reflected on AUS approval; debts pulled from final 1003 for qualifying purposes and are subject to change pending review of credit report. 5.11.18 - Client responded. Credit report dated xxxx provided. 5.11.18 - Exception satisfied. (No Data) Not Applicable (No Data)
No An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 3.26.18 – A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 3.26.18 – Exception Satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)


Table of Contents

Client Name: Freddie Mac
Client Project Name: Freddie Mac - STACR 2018 SPI2
Start - End Dates: 01/2018-05/2018
Deal Loan Count: 350        
 
Conditions Report 2.0
Loans in Report: 350        
Loans with Conditions: 162        

Loan Number Lender Application Date Initial Securitization Overall Loan Grade Final Securitization Overall Loan Grade Initial Securitization Loan Credit Grade Final Securitization Loan Credit Grade Initial Securitization Loan Property Valuation Grade Final Securitization Loan Property Valuations Grade Initial Securitization Loan Compliance Grade Final Securitization Loan Compliance Grade
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX B B B B A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D B C B D A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX C B C B A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX C A C A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A A A A A
XXXXXX XXXXXX D A D A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A C A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
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XXXXXX XXXXXX C A A A C A N/A N/A
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XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX C A C A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
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XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
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XXXXXX XXXXXX C A C A A A N/A N/A
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XXXXXX XXXXXX D A D A A A N/A N/A
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XXXXXX XXXXXX A A A A A A N/A N/A
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XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D D D D A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX C A C A A A N/A N/A
XXXXXX XXXXXX D D D D A A A A
XXXXXX XXXXXX D A D A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX D A D A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX D A D A C A A A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX D A D A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D B C B D A N/A N/A
XXXXXX XXXXXX D A D A C A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX B A B A A A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A A A
XXXXXX XXXXXX D A D A D A A A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX D A D A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX D D D D C A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX B A B A A A A A
XXXXXX XXXXXX C A C A C A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX D A A A D A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX B B B B A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A A A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX D A D A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A C A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A C A A A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX C B B B C A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A D A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX C A C A A A N/A N/A
XXXXXX XXXXXX C A C A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D D D D A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D B D B D A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX D B D B A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D B B B D A N/A N/A
XXXXXX XXXXXX C A C A A A N/A N/A
XXXXXX XXXXXX D A D A C A N/A N/A
XXXXXX XXXXXX D B D B A A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX D A D A D A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX B B B B A A N/A N/A
XXXXXX XXXXXX D D D D A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX D A D A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX D D D D A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A A A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX D A A A D A A A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A C A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A A A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX D A A A D A A A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX D A D A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A C A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX C A C A A A N/A N/A
XXXXXX XXXXXX B A B A A A A A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX D A A A D A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A A A D A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A D A N/A N/A
XXXXXX XXXXXX C A C A C A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX B B B B A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D B D B C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX D A D A C A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A


Table of Contents

Initial S&P Overall Loan Grade Final S&P Overall Loan Grade Initial S&P Loan Credit Grade Final S&P Loan Credit Grade Initial S&P Loan Property Valuation Grade Final S&P Loan Property Valuations Grade Initial S&P Loan Compliance Grade Final S&P Loan Compliance Grade
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
B B CB CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CC CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D A CD CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
D B CC CB VD VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D A CD CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
C B CC CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
C A CC CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
D A CD CA VA VA RA RA
D A CD CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C A CC CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
C A CC CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C A CC CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D D CD CD VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
C A CC CA VA VA N/A N/A
D D CD CD VA VA RA RA
D A CD CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
D A CD CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
D A CA CA VD VA N/A N/A
D B CD CA VC VB RA RA
A A CA CA VA VA RA RA
A A CA CA VA VA RA RA
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D B CC CB VD VA N/A N/A
D B CD CA VC VB N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
B A CB CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA RA RA
D A CD CA VD VA RA RA
D A CD CA VA VA N/A N/A
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D D CD CD VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
B A CB CA VA VA RA RA
C B CC CA VC VB N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
D A CD CA VA VA N/A N/A
D A CA CA VD VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA RA RA
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
B B CB CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA RA RA
C B CA CA VC VB RA RA
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D B CD CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
D B CD CA VC VB RA RA
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
C B CB CB VC VB N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
D A CD CA VD VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
C A CC CA VA VA N/A N/A
C A CC CA VA VA RA RA
A A CA CA VA VA N/A N/A
D D CD CD VA VA N/A N/A
D A CA CA VD VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
D B CD CB VD VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA RA RA
D A CD CA VA VA N/A N/A
D B CD CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA RA RA
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D B CB CB VD VA N/A N/A
C A CC CA VA VA N/A N/A
D B CD CA VC VB N/A N/A
D B CD CB VA VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA RA RA
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
D A CA CA VD VA N/A N/A
D A CD CA VD VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
B B CB CB VA VA N/A N/A
D D CD CD VA VA N/A N/A
D A CA CA VD VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
D D CD CD VA VA N/A N/A
D A CA CA VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
D A CA CA VD VA RA RA
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D A CA CA VD VA RA RA
D A CD CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
C A CC CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA RA RA
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
D A CA CA VD VA RA RA
D A CA CA VD VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
D A CD CA VA VA RA RA
A A CA CA VA VA N/A N/A
C A CC CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
C A CC CA VA VA N/A N/A
B A CB CA VA VA RA RA
C B CA CA VC VB N/A N/A
D A CA CA VD VA RA RA
A A CA CA VA VA N/A N/A
D A CD CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
D A CA CA VD VA N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA N/A N/A
D A CD CA VD VA N/A N/A
C B CC CA VC VB N/A N/A
C B CA CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
B B CB CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
D B CD CB VC VB N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB N/A N/A
C B CA CA VC VB RA RA
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA RA RA
A A CA CA VA VA N/A N/A
D B CD CA VC VB N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA


Table of Contents

Client Name: Freddie Mac
Client Project Name: Freddie Mac - STACR 2018 SPI2
Start - End Dates: 01/2018-05/2018
Deal Loan Count: 24        
 
Conditions Report 2.0
Loans in Report: 24        
Loans with Conditions: 13        

Loan Number Original Principal Balance State Lender ATR/QM Status Loan Level ATR/QM Status
XXXXXX XXXXXX MD (No Data) (No Data)
XXXXXX XXXXXX MD (No Data) (No Data)
XXXXXX XXXXXX MD (No Data) (No Data)
XXXXXX XXXXXX MD (No Data) (No Data)
XXXXXX XXXXXX MD (No Data) (No Data)
XXXXXX XXXXXX MD (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX KY (No Data) (No Data)
XXXXXX XXXXXX MI (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX PA (No Data) (No Data)
XXXXXX XXXXXX NJ (No Data) (No Data)
XXXXXX XXXXXX WI (No Data) (No Data)
XXXXXX XXXXXX WI (No Data) (No Data)
XXXXXX XXXXXX CA (No Data) (No Data)
XXXXXX XXXXXX MA (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)
XXXXXX XXXXXX IA (No Data) (No Data)
XXXXXX XXXXXX FL (No Data) (No Data)
XXXXXX XXXXXX CO (No Data) (No Data)
XXXXXX XXXXXX IL (No Data) (No Data)
XXXXXX XXXXXX WA (No Data) (No Data)
XXXXXX XXXXXX SC (No Data) (No Data)
XXXXXX XXXXXX TX (No Data) (No Data)


Table of Contents

Initial Securitization Overall Loan Grade Final Securitization Overall Loan Grade Initial Securitization Credit Loan Grade Final Securitization Credit Loan Grade Initial Securitization Property Valuations Loan Grade Final Securitization Property Valuations Loan Grade Initial Securitization Compliance Loan Grade Final Securitization Compliance Loan Grade
D B D B C A N/A N/A
D B D B C A N/A N/A
D B D B C A N/A N/A
D B D B C A N/A N/A
D B B B D A N/A N/A
D B B B D A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
C C C C A A A A
C C C C A A A A
C C C C A A A A
B B B B A A N/A N/A
A A A A A A N/A N/A
C C A A C C N/A N/A
A A A A A A N/A N/A
C A A A C A A A
D D D D D D N/A N/A
D D D D D D N/A N/A
C C A A C C N/A N/A
D A D A A A A A
C C A A C C N/A N/A
B B B B A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A
A A A A A A A A
A A A A A A A A
C C C C A A N/A N/A
A A A A A A N/A N/A
A A A A A A N/A N/A


Table of Contents

Initial S&P Overall Loan Grade Final S&P Overall Loan Grade Initial S&P Credit Loan Grade Final S&P Credit Loan Grade Initial S&P Property Valuations Loan Grade Final S&P Property Valuations Loan Grade Initial S&P Compliance Loan Grade Final S&P Compliance Loan Grade
D B CD CB VC VB N/A N/A
D B CD CB VC VB N/A N/A
D B CD CB VC VB N/A N/A
D B CD CB VC VB N/A N/A
D B CB CB VD VA N/A N/A
D B CB CB VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C C CC CC VA VA RA RA
C C CC CC VA VA RA RA
C C CC CC VA VA RA RA
B B CB CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
C C CA CA VC VC N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
D D CD CD VD VD N/A N/A
D D CD CD VD VD N/A N/A
C C CA CA VC VC N/A N/A
D A CD CA VA VA RA RA
C C CA CA VC VC N/A N/A
B B CB CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA RA RA
C C CC CC VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A


Table of Contents

Condition Category Condition Sub Category Condition Status Initial Securitization Condition Grade Final Securitization Condition Grade Initial S&P Condition Grade Final S&P Condition Grade Condition Code Condition Description
Credit Assets Satisfied D A CD CA CRDAST2304 Unverified Assets
Credit Credit/Mtg History Active C B CC CB CRDCRMH148 Credit report stale dated at closing
Credit Income/Employment Satisfied D A CD CA CRDINC2302 Missing Required Income Documentation
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Income/Employment Active B B CB CB CRDINC888 Income Amount is Unsupported by Documentation in File
Property Valuations Appraisal Satisfied D A VD VA PRVAAPPR3116 Missing updated valuation
                 
                 
                 
Credit DTI Active C C CC CC CRDDTI134 Debt Ratio Exception =>10%
Credit Income/Employment Active C C CC CC CRDINC888 Income Amount is Unsupported by Documentation in File
Credit Assets Active C C CC CC CRDAST206 Asset Amounts Are Unsupported by Documentation in File
Credit Income/Employment Active B B CB CB CRDINC2488 Verbal verification of employment missing
                 
Property Valuations Value Active C C VC VC PRVAVALU153 Value Not Supported
                 
Property Valuations Value Satisfied C A VC VB PRVAVALU153 Value Not Supported
Credit Terms/Guidelines Active D D CD CD CRDTER4861 Missing Appraisal
Property Valuations Appraisal Active D D VD VD PRVAAPPR3116 Missing updated valuation
Property Valuations Value Active C C VC VC PRVAVALU153 Value Not Supported
Credit Legal Documents Satisfied D A CD CA CRDLGL4503 Missing Seller Closing Disclosure
Property Valuations Value Active C C VC VC PRVAVALU153 Value Not Supported
Credit DTI Active B B CB CB CRDDTI105 Debt Ratio Exception 5% or Less
                 
                 
                 
                 
Credit Income/Employment Active C C CC CC CRDINC888 Income Amount is Unsupported by Documentation in File
                 
                 


Table of Contents

Condition Material Indicator Initial Comments Client/Seller Response Comments Conclusion Comments TRID Error Type Cure Method Compensating Factors
No Please provide 1 month current bank statement to verify sufficient assets to close subject transaction in the amount of $xxxx. No assets were found in file. LP references checking account with balance of $xxxx. 1.5.18 - Client provided the Asset docs provided. 1.5.18 - Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments: 6 years SE
No Original Credit report dated xxxx and subject loan closed xxxx therefore over 120 days. Credit report expired xxxx Please provide updated credit report within 120 days of closing. 1.5.18 - Client responded. PDF with additional docs provided.
Additional PDF did not include updated credit report. Further review by xxxx and taking the Audit credit report into consideration. There were no additional debts on the Audit Credit report than on the original credit report therefore non-material.
1.5.18 - Exception remains. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments: 6 years SE
No Per final 1003 borrower had schedule C income and K-1 loss. No income docs in file. Please provide personal and business returns with all schedules as required. Also need all schedule E's to support rentals. 1.5.18 - Client provided the income docs used for approval. 1.5.18 - Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments: 6 years SE
No An AVM was received with a reported value of xxxx, which was a variance of -xxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 11.20.17 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx. 11.20.17 Exception satisfied. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments: 6 years SE
No Missing full two year tax returns as required due to B1 commission income exceeding 25% of qualifying income figure. 2016 provided but not 2015. Considered non-material as we have paystubs, W2's and WVOE in file to support income used. 12.14.17 - Client responded. xxxxagrees that the missing 2015 tax return is not a material deficiency as the file contains the Borrower's paystubs, W2s and written re-verification of income including commissions. The 2016 tax return shows no Schedule A filed, therefore no unreimbursed expenses deducted as the Borrowers took the standard deduction in lieu of itemizing deductions. 12.14.17 - Exception remains. (No Data) Not Applicable (No Data)
No Vendor was unable to perform and AVM. A desk review was ordered to support the original appraised value of xxxx 11.17.17 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 11.17.17 Exception satisfied. (No Data) Not Applicable (No Data)
            (No Data)
            (No Data)
            (No Data)
Yes Calculated income using 2016 & 2015 Schedule C's is $xxxx which resulted in higher DTI, two years tax returns required due to business existence less than 5 years as per LP. Lender included projected income over 12 months for 2017 from P&L's which were not in file showing an increase in income for 2017 almost 3 times more than 2016 which was already doubled for 2015. 2017 P&L income from 2017 cannot be considered in the income calculation. Also, excluding the rental for the xxxx due to missing lease and hitting for full PITI if xxxx + xxxx = xxxx(nothing in file to reflect the xxxx included escrows and xxxxis reflected on final 1003 under insurance, maintenance, Taxes & Misc.) new calculated DTI is xxxx 2.20.18 - Client responded. XXXX also agrees that the income was incorrectly calculated and that the correct qualifying income is XXXX. Using the reduced income and full payment for the departure residence results in an unacceptable DTI. 2.20.18 - Exception remains. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments: 3yrs 7 months Self employed
Yes Rental income was disclosed on 1003 for xxxx. The xxxx was the primary during a good portion of 2016 but not shown as a rental on the 2016 schedule E and therefore can be assumed was rented in 2017. Please provide current lease agreement for xxxx. 2.20.18 - Client responded. XXXX agrees with the exceptions. The lease agreement for the departure residence was not located in the loan file therefore no rental income can be used for the departure residence. 2.20.18 - Exception remains. (No Data) Not Applicable CFCFS1734: Borrower has significant time at current job
- Clayton Comments: 3yrs 7 months Self employed
Yes Missing documentation to source transfer of funds in the amount of xxxx. Dated xxxxv. Funds reflect as a transfer from another account of which the statements are not in the file. 2.27.18 xxxx agrees that the assets required for closing are not supported by file documentation.. The $xxxx transfer of funds requires proper documentation of the source of those funds from another account belonging to the Borrower. 2.27.18 Exception remains. (No Data) Not Applicable CFCFS1744: DTI below guideline requirement
- Clayton Comments: DTI 37% of max 45%.

CFCFS2854: Significant time in profession
- Clayton Comments: 9 years with current employer, 10 years in profession.
No Missing VVOE's/Business Existence for xxxx(Schedule C), xxxx, xxxx , xxxx., and xxxx. 2.27.18 xxxx is providing Self-Employment verification for the businesses that are reflected on the Schedule E. The Schedule C self -employment verification is missing, however, the Borrowers have an extensive history of earning self-employment income, a strong credit profile, and the file contains no red flags therefore the loan can still be accepted. xxxx has reviewed the documents. The Client provided proof of business existence for all jobs listed except for xxxx. xxxx agrees that there is an extensive history, however, the provide proof of business existence is required and remains non material 2.27.18 Exception remains. (No Data) Not Applicable (No Data)
            (No Data)
Yes An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. An ADI has been ordered to support the original value. 11.24.17 An ADI was received with a reported value of xxxx, which was a variance of -xxxx% less than the original appraised value of xxxx 11.24.17 Exception remains (No Data) Not Applicable (No Data)
            (No Data)
No An AVM was received with a reported value of xxxx, which was a variance of -xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value. 12.4.17 A desk review was received with a reported value of xxxx which supports the original appraised value of xxxx 12.4.17 Exception Satisfied (No Data) Not Applicable (No Data)
Yes According to the AUS, an appraisal was required. The Lender did not provide a full appraisal. 12.14.17 - Client responded. Remedy issued for same issue - LP required a full appraisal 12.14.17 - Exception remains. (No Data) Not Applicable (No Data)
Yes Vendor was not able to perform an AVM. Due to the missing appraisal, a desk review could not be ordered. 12.14.17 - Client responded. Remedy issued for same issue - LP required a full appraisal 12.14.17 - Exception remains. (No Data) Not Applicable (No Data)
Yes An AVM was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx. An ADI was ordered to support the original appraised value. 11.24.17 An ADI was received with a reported value of xxxx which was a variance of -xxxx% less than the original appraised value of xxxx.
11.24.17 Exception remains.
1.9.18 - Client responded. xxx agrees.
1.9.18 - Exception remains. (No Data) Not Applicable (No Data)
No Missing seller CD to verify no other borrower fees paid by seller. Final CD page 2 and 3 not complete for seller side. Seller CD in file is for a different property and not our borrowers. 1.22.18 - Client responded. Seller CD provided.
1.22.18 - xxxx has reviewed and Seller CD reflects no other borrower paid fees by seller outside the $xxxx seller concession.
1.22.18 - Exception satisfied. (No Data) Not Applicable (No Data)
Yes An AVM was returned with a reported value of xxxx which was a variance of –xxxx% less than the original appraised value of xxxx. A desk review has been ordered to support the original appraised value of xxx. 12.29.17 A desk review was received with a reported value of xxxxwhich was a variance of -xxxx% less than the original appraised value of xxxx. A field review has been ordered to support the original appraised value. Exception remains.
1.9.18 A field review was received with a reported value of xxxx which is a variance of -xxxx% less than the original appraised value of xxxx.
1.9.18 Exception remains. (No Data) Not Applicable (No Data)
No LP approved at 47%. xxxx calculated DTI xxxx%. Income SSI grossed up $xxxx + Pension $xxxx= $xxxx. Subject PITI $xxx + Other Debts $xxxx = $xxxx/$xxxx = xxxx% DTI. Initial 1003 reflected MCC credit of $xxxx which is income difference. No MCC in file. 2.27.18 xxxx agrees, the MCC certificate is not in the file increasing the DTI to xxxx%. 2.27.18 Exception remains. (No Data) Not Applicable CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: Qualifying credit score xxxx

CFCFS1731: Verified cash reserves exceed guidelines
- Clayton Comments: Reserves of $xxxx
            (No Data)
            (No Data)
            (No Data)
            (No Data)
Yes Missing WVOE for Borrower2 dated within 120 days of Note date, doc provided dated xxxx and xxxx, both stale dated. 2.27.18 xxxx agrees that the WVOEs in file for Borrower 2 are stale dated and a WVOE dated within 120 days of Note date is required. 2.27.18 Exception remains. (No Data) Not Applicable CFCFS1737: LTV below guideline requirements
- Clayton Comments: Per the eligibility matrix, the max LTV was xxxx. The loan closed with an LTV of xxxx

CFCFS1741: Credit score exceeds guidelines
- Clayton Comments: The minimum credit score required was xxxx. The qualifying credit score for the borrowers was xxxx
            (No Data)
            (No Data)


Table of Contents

Client Name: Freddie Mac
Client Project Name: Freddie Mac - STACR 2018 SPI2
Start - End Dates: 01/2018-05/2018
Deal Loan Count: 24        
 
Conditions Report 2.0
Loans in Report: 24        
Loans with Conditions: 13        

Loan Number Lender Application Date Initial Securitization Overall Loan Grade Final Securitization Overall Loan Grade Initial Securitization Loan Credit Grade Final Securitization Loan Credit Grade Initial Securitization Loan Property Valuation Grade Final Securitization Loan Property Valuations Grade Initial Securitization Loan Compliance Grade Final Securitization Loan Compliance Grade
XXXXXX XXXXXX D B D B C A N/A N/A
XXXXXX XXXXXX D B B B D A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C C C C A A A A
XXXXXX XXXXXX C C C C A A A A
XXXXXX XXXXXX B B B B A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C C A A C C N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX C A A A C A A A
XXXXXX XXXXXX D D D D D D N/A N/A
XXXXXX XXXXXX C C A A C C N/A N/A
XXXXXX XXXXXX D A D A A A A A
XXXXXX XXXXXX C C A A C C N/A N/A
XXXXXX XXXXXX B B B B A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX A A A A A A A A
XXXXXX XXXXXX C C C C A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A
XXXXXX XXXXXX A A A A A A N/A N/A


Table of Contents

Initial S&P Overall Loan Grade Final S&P Overall Loan Grade Initial S&P Loan Credit Grade Final S&P Loan Credit Grade Initial S&P Loan Property Valuation Grade Final S&P Loan Property Valuations Grade Initial S&P Loan Compliance Grade Final S&P Loan Compliance Grade
D B CD CB VC VB N/A N/A
D B CB CB VD VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
C C CC CC VA VA RA RA
C C CC CC VA VA RA RA
B B CB CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
C C CA CA VC VC N/A N/A
A A CA CA VA VA N/A N/A
C B CA CA VC VB RA RA
D D CD CD VD VD N/A N/A
C C CA CA VC VC N/A N/A
D A CD CA VA VA RA RA
C C CA CA VC VC N/A N/A
B B CB CB VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA RA RA
A A CA CA VA VA RA RA
C C CC CC VA VA N/A N/A
A A CA CA VA VA N/A N/A
A A CA CA VA VA N/A N/A


Table of Contents

Client Name: Freddie Mac
Client Project Name: Freddie Mac - STACR 2018 SPI2
Start - End Dates: 01/2018-05/2018
Deal Loan Count: 350        
 
Loan Level Tape Compare Upload
Loans in Report: 37        

Loan Number Borrower Last Name Field Tape Data Reviewer Data
xxxx xxxx Original Debt-To-Income (DTI) Ratio 37 45
xxxx xxxx Origination Channel Retail Broker
xxxx xxxx Property Valuation Type 4 1
xxxx xxxx Origination Channel Correspondent Broker
xxxx xxxx Origination Channel Correspondent Broker
xxxx xxxx Original Debt-To-Income (DTI) Ratio 41 49
xxxx xxxx Property Type SF PU
xxxx xxxx First Time Home Buyer Yes No
xxxx xxxx Origination Channel Correspondent Broker
xxxx xxxx HCLTV 64 85
xxxx xxxx Original Combined Loan-To-Value (CLTV) 64 85
xxxx xxxx Original Debt-To-Income (DTI) Ratio 47 50
xxxx xxxx Original Debt-To-Income (DTI) Ratio 34 40
xxxx xxxx HCLTV 80 95
xxxx xxxx Original Combined Loan-To-Value (CLTV) 80 95
xxxx xxxx Original Debt-To-Income (DTI) Ratio 31 0
xxxx xxxx Property Type SF PU
xxxx xxxx HCLTV 70 80
xxxx xxxx Original Combined Loan-To-Value (CLTV) 70 79
xxxx xxxx Original Debt-To-Income (DTI) Ratio 30 48
xxxx xxxx First Time Home Buyer No Yes
xxxx xxxx Property Valuation Date xxxx xxxx
xxxx xxxx Original Debt-To-Income (DTI) Ratio 24 27
xxxx xxxx Origination Channel Correspondent Broker
xxxx xxxx Original Debt-To-Income (DTI) Ratio 36 39
xxxx xxxx Original Debt-To-Income (DTI) Ratio 19 26
xxxx xxxx Property Valuation Type 2 1
xxxx xxxx HCLTV 75 85
xxxx xxxx Original Combined Loan-To-Value (CLTV) 75 85
xxxx xxxx Original Debt-To-Income (DTI) Ratio 32 37
xxxx xxxx Original Debt-To-Income (DTI) Ratio 43 0
xxxx xxxx Property Valuation Date xxxx xxxx
xxxx xxxx Property Type SF PU
xxxx xxxx Credit Score 749 754
xxxx xxxx Credit Score 784 763
xxxx xxxx First Time Home Buyer No Yes
xxxx xxxx Loan Purpose N C
xxxx xxxx Origination Channel Correspondent Broker
xxxx xxxx Property Valuation Date xxxx xxxx
xxxx xxxx Credit Score 801 780
xxxx xxxx Mortgage Insurance Percentage (MI%) 30.00 25.00
xxxx xxxx Property Valuation Date xxxx xxxx
xxxx xxxx HCLTV 71 80
xxxx xxxx HCLTV 64 86
xxxx xxxx Original Combined Loan-To-Value (CLTV) 64 86

©2017 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized
by such agreement, including reliance on this report by anyone other than such party, is prohibited.


Table of Contents

Client Name: Freddie Mac
Client Project Name: Freddie Mac - STACR 2018 SPI2
Start - End Dates: 01/2018-05/2018
Deal Loan Count: 21        
 
Loan Level Tape Compare Upload
Loans in Report: 4        

Loan Number Borrower Last Name Field Tape Data Reviewer Data
XXXX XXXX XXXX HCLTV 91 90
XXXX XXXX XXXX Original Combined Loan-To-Value (CLTV) 91 90
XXXX XXXX XXXX Original Debt-To-Income (DTI) Ratio 33 90
XXXX XXXX XXXX Original Loan-To-Value (LTV) 91 90
XXXX XXXX XXXX Property Valuation Date xxxx xxxx
XXXX XXXX XXXX Original Debt-To-Income (DTI) Ratio 44 41
XXXX XXXX XXXX Original Debt-To-Income (DTI) Ratio 41 34

©2017 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized
by such agreement, including reliance on this report by anyone other than such party, is prohibited.


Table of Contents

Client Name: Freddie Mac
Client Project Name: Freddie Mac - STACR 2018 SPI2
Start - End Dates: 01/2018-05/2018
Deal Loan Count: 350        
 
Waived Conditions Summary

©2018 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized
by such agreement, including reliance on this report by anyone other than such party, is prohibited.


Table of Contents

Client Name: Freddie Mac
Client Project Name: Freddie Mac - STACR 2018 SPI2
Start - End Dates: 01/2018-05/2018
Deal Loan Count: 24        
 
Waived Conditions Summary

©2017 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized
by such agreement, including reliance on this report by anyone other than such party, is prohibited.


Table of Contents

Client Name: Freddie Mac
Client Project Name: Freddie Mac - STACR 2018 SPI2
Start - End Dates: 01/2018-05/2018
Deal Loan Count: 350        
 
Valuations Summary
Loans in Report: 350        

Origination Values
Loan Number Original Balance Sales Price Value for LTV Appraised Date Appraised Value Review Value Review Type
XXXXXX XXXXXX XXXXXX XXXXXX 06/26/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 06/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 06/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/03/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/05/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/04/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/21/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/30/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/30/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/03/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/12/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/23/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/30/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/09/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/26/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/25/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/26/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/05/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/31/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/06/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/13/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/24/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/31/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/25/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/06/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/04/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/24/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/11/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/03/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/06/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/09/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/21/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/11/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/21/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/02/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/13/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/24/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/23/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/28/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/11/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/19/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/03/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/25/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/23/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/30/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/21/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/03/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/13/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/10/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/25/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/30/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/13/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/10/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/09/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/03/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/05/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/12/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/09/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/25/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 07/12/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/20/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/09/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/02/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/09/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/12/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/12/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/05/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/30/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/29/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/29/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/21/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/06/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/03/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/04/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/29/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/09/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/29/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/05/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/03/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/10/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/13/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/05/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/12/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/06/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/04/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/31/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/04/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/28/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/13/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/01/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/21/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/02/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/04/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/13/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/30/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/04/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/29/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/20/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/24/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/06/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/10/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/21/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/12/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/25/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/23/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/21/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/20/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/04/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/13/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/29/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/11/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/28/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/12/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/28/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/23/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/11/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/04/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/15/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/22/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/28/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/29/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/06/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/11/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/05/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/20/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/28/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/26/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/29/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/04/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/20/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/29/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/28/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/30/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/26/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/06/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/13/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/03/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/11/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/06/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/03/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/26/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/09/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/12/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/05/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/05/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/11/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/11/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/30/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/08/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/24/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/28/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/19/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/13/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/10/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/06/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/16/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/08/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/15/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/05/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/29/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/17/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/20/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/20/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/04/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/02/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/04/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/14/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/09/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/12/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/22/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/29/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/10/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/15/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/15/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/19/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/19/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/18/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/02/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/18/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/29/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/05/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/16/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/22/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/03/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/22/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/12/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/11/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/26/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/27/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/18/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/15/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/03/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/26/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/29/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/12/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/25/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/30/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/15/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/08/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/17/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/24/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/16/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/05/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/29/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/09/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/30/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/25/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/17/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/18/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 12/28/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/11/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 03/23/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/26/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/15/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/19/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/17/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/25/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/15/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/25/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/18/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/23/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 02/01/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/22/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/10/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/14/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 02/08/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/12/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/30/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/09/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 01/24/2018 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  

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Table of Contents

Automated Valuation Model Desk Review
Report Date Value Variance Amount Variance (%) Report Date Value Variance Amount Variance (%)
02/09/2018 $641,000.00 -$14,000.00 -2.14%   $0.00 $0.00 0.00%
02/09/2018 $451,000.00 $14,000.00 3.20%   $0.00 $0.00 0.00%
02/09/2018 $248,000.00 -$24,000.00 -8.82%   $0.00 $0.00 0.00%
01/23/2018 $348,000.00 -$122,000.00 -25.96% 02/05/2018 $425,000.00 -$45,000.00 -9.57%
01/23/2018 $318,000.00 -$22,000.00 -6.47%   $0.00 $0.00 0.00%
01/23/2018 $281,000.00 -$94,000.00 -25.07% 01/26/2018 $375,000.00 $0.00 0.00%
02/09/2018 $397,000.00 $12,000.00 3.12%   $0.00 $0.00 0.00%
02/09/2018 $307,000.00 -$5,000.00 -1.60%   $0.00 $0.00 0.00%
02/09/2018 $285,000.00 -$145,000.00 -33.72% 02/15/2018 $420,000.00 -$10,000.00 -2.33%
02/09/2018 $275,000.00 -$15,000.00 -5.17%   $0.00 $0.00 0.00%
01/23/2018 $829,000.00 -$36,000.00 -4.16%   $0.00 $0.00 0.00%
01/23/2018 $470,000.00 $8,000.00 1.73%   $0.00 $0.00 0.00%
02/09/2018 $261,000.00 -$13,000.00 -4.74%   $0.00 $0.00 0.00%
01/23/2018 $828,000.00 -$43,990.00 -5.04%   $0.00 $0.00 0.00%
01/23/2018 $304,000.00 -$66,000.00 -17.84% 01/25/2018 $370,000.00 $0.00 0.00%
01/23/2018 $451,000.00 -$14,000.00 -3.01%   $0.00 $0.00 0.00%
01/23/2018 $304,000.00 -$121,000.00 -28.47% 01/26/2018 $405,000.00 -$20,000.00 -4.71%
01/23/2018 $589,000.00 -$39,500.00 -6.28%   $0.00 $0.00 0.00%
01/23/2018 $345,000.00 -$147,000.00 -29.88% 01/30/2018 $485,000.00 -$7,000.00 -1.42%
01/23/2018 $418,000.00 -$10,000.00 -2.34%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 01/26/2018 $420,000.00 $0.00 0.00%
01/23/2018 $401,000.00 -$21,000.00 -4.98%   $0.00 $0.00 0.00%
01/23/2018 $427,000.00 -$11,000.00 -2.51%   $0.00 $0.00 0.00%
01/23/2018 $438,000.00 $23,000.00 5.54%   $0.00 $0.00 0.00%
01/23/2018 $438,000.00 -$13,000.00 -2.88%   $0.00 $0.00 0.00%
01/23/2018 $694,000.00 -$56,000.00 -7.47%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 01/26/2018 $456,000.00 $0.00 0.00%
01/23/2018 $298,000.00 -$34,000.00 -10.24% 01/25/2018 $332,000.00 $0.00 0.00%
01/23/2018 $342,000.00 -$18,000.00 -5.00%   $0.00 $0.00 0.00%
01/23/2018 $468,000.00 -$12,000.00 -2.50%   $0.00 $0.00 0.00%
01/23/2018 $442,000.00 $37,000.00 9.14%   $0.00 $0.00 0.00%
01/23/2018 $569,000.00 $45,500.00 8.69%   $0.00 $0.00 0.00%
01/23/2018 $309,000.00 -$41,000.00 -11.71% 01/29/2018 $350,000.00 $0.00 0.00%
01/23/2018 $356,000.00 -$18,000.00 -4.81%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 01/30/2018 $360,000.00 $0.00 0.00%
01/23/2018 $436,000.00 -$5,000.00 -1.13%   $0.00 $0.00 0.00%
01/23/2018 $313,000.00 -$22,000.00 -6.57%   $0.00 $0.00 0.00%
01/23/2018 $473,000.00 $33,000.00 7.50%   $0.00 $0.00 0.00%
01/23/2018 $332,000.00 -$8,000.00 -2.35%   $0.00 $0.00 0.00%
01/23/2018 $496,000.00 -$4,000.00 -0.80%   $0.00 $0.00 0.00%
01/23/2018 $613,000.00 -$252,000.00 -29.13% 01/24/2018 $825,000.00 -$40,000.00 -4.62%
01/23/2018 $438,000.00 -$62,000.00 -12.40% 01/25/2018 $500,000.00 $0.00 0.00%
01/23/2018 $755,000.00 -$55,000.00 -6.79%   $0.00 $0.00 0.00%
01/23/2018 $388,000.00 -$34,500.00 -8.17%   $0.00 $0.00 0.00%
01/23/2018 $807,000.00 -$28,000.00 -3.35%   $0.00 $0.00 0.00%
01/23/2018 $419,000.00 -$12,000.00 -2.78%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 01/26/2018 $384,000.00 $0.00 0.00%
01/23/2018 $436,000.00 -$34,000.00 -7.23%   $0.00 $0.00 0.00%
01/23/2018 $366,000.00 -$9,000.00 -2.40%   $0.00 $0.00 0.00%
01/23/2018 $318,000.00 $16,000.00 5.30%   $0.00 $0.00 0.00%
01/23/2018 $478,000.00 $8,000.00 1.70%   $0.00 $0.00 0.00%
01/23/2018 $378,000.00 -$42,000.00 -10.00%   $0.00 $0.00 0.00%
01/23/2018 $446,000.00 -$28,000.00 -5.91%   $0.00 $0.00 0.00%
01/23/2018 $359,000.00 -$11,000.00 -2.97%   $0.00 $0.00 0.00%
01/23/2018 $304,000.00 -$6,000.00 -1.94%   $0.00 $0.00 0.00%
01/23/2018 $411,000.00 -$9,000.00 -2.14%   $0.00 $0.00 0.00%
01/23/2018 $478,000.00 $1,000.00 0.21%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 01/26/2018 $525,000.00 $0.00 0.00%
01/23/2018 $417,000.00 -$25,000.00 -5.66%   $0.00 $0.00 0.00%
01/23/2018 $404,000.00 -$16,000.00 -3.81%   $0.00 $0.00 0.00%
01/23/2018 $240,000.00 -$11,000.00 -4.38%   $0.00 $0.00 0.00%
01/23/2018 $664,000.00 $9,000.00 1.37%   $0.00 $0.00 0.00%
01/23/2018 $356,000.00 -$15,000.00 -4.04%   $0.00 $0.00 0.00%
02/09/2018 $371,000.00 -$49,000.00 -11.67% 02/16/2018 $420,000.00 $0.00 0.00%
01/23/2018 $322,000.00 -$15,000.00 -4.45%   $0.00 $0.00 0.00%
01/23/2018 $920,000.00 $4,000.00 0.44%   $0.00 $0.00 0.00%
01/23/2018 $404,000.00 -$63,000.00 -13.49% 01/31/2018 $467,000.00 $0.00 0.00%
01/23/2018 $332,000.00 -$13,000.00 -3.77%   $0.00 $0.00 0.00%
01/23/2018 $607,000.00 -$41,000.00 -6.33%   $0.00 $0.00 0.00%
01/23/2018 $350,000.00 -$25,000.00 -6.67%   $0.00 $0.00 0.00%
01/23/2018 $566,000.00 -$19,000.00 -3.25%   $0.00 $0.00 0.00%
01/23/2018 $444,000.00 -$6,000.00 -1.33%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/06/2018 $549,000.00 $0.00 0.00%
01/23/2018 $361,000.00 -$19,000.00 -5.00%   $0.00 $0.00 0.00%
01/23/2018 $443,000.00 -$12,000.00 -2.64%   $0.00 $0.00 0.00%
01/23/2018 $318,000.00 -$7,000.00 -2.15%   $0.00 $0.00 0.00%
01/23/2018 $314,000.00 $14,000.00 4.67%   $0.00 $0.00 0.00%
01/23/2018 $416,000.00 $31,000.00 8.05%   $0.00 $0.00 0.00%
01/23/2018 $528,000.00 -$7,000.00 -1.31%   $0.00 $0.00 0.00%
01/23/2018 $545,000.00 -$10,000.00 -1.80%   $0.00 $0.00 0.00%
01/23/2018 $341,000.00 -$155,000.00 -31.25% 01/24/2018 $496,000.00 $0.00 0.00%
01/23/2018 $513,000.00 -$37,000.00 -6.73%   $0.00 $0.00 0.00%
01/23/2018 $304,000.00 -$16,000.00 -5.00%   $0.00 $0.00 0.00%
01/23/2018 $437,000.00 $7,000.00 1.63%   $0.00 $0.00 0.00%
01/23/2018 $660,000.00 -$15,000.00 -2.22%   $0.00 $0.00 0.00%
02/09/2018 $425,000.00 -$3,000.00 -0.70%   $0.00 $0.00 0.00%
03/20/2018 $588,000.00 -$52,000.00 -8.13%   $0.00 $0.00 0.00%
01/23/2018 $503,000.00 -$2,000.00 -0.40%   $0.00 $0.00 0.00%
01/23/2018 $489,000.00 -$31,000.00 -5.96%   $0.00 $0.00 0.00%
01/23/2018 $423,000.00 -$227,000.00 -34.92% 01/25/2018 $650,000.00 $0.00 0.00%
01/23/2018 $618,000.00 -$16,000.00 -2.52%   $0.00 $0.00 0.00%
01/23/2018 $462,000.00 -$48,000.00 -9.41%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 01/31/2018 $438,000.00 $0.00 0.00%
01/23/2018 $435,000.00 $15,000.00 3.57%   $0.00 $0.00 0.00%
01/23/2018 $724,000.00 -$29,000.00 -3.85%   $0.00 $0.00 0.00%
01/23/2018 $356,000.00 $26,000.00 7.88%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/16/2018 $655,500.00 $0.00 0.00%
01/23/2018 $389,000.00 -$5,000.00 -1.27%   $0.00 $0.00 0.00%
01/23/2018 $413,000.00 $74,000.00 21.83%   $0.00 $0.00 0.00%
01/23/2018 $385,000.00 -$25,000.00 -6.10%   $0.00 $0.00 0.00%
01/23/2018 $455,000.00 $0.00 0.00%   $0.00 $0.00 0.00%
01/23/2018 $759,000.00 -$91,000.00 -10.71% 01/24/2018 $850,000.00 $0.00 0.00%
01/23/2018 $556,000.00 $66,000.00 13.47%   $0.00 $0.00 0.00%
01/23/2018 $380,000.00 -$35,000.00 -8.43%   $0.00 $0.00 0.00%
01/23/2018 $379,000.00 -$44,000.00 -10.40% 01/24/2018 $423,000.00 $0.00 0.00%
01/23/2018 $442,000.00 -$28,000.00 -5.96%   $0.00 $0.00 0.00%
01/23/2018 $833,000.00 -$94,000.00 -10.14% 01/25/2018 $927,000.00 $0.00 0.00%
03/20/2018 $227,000.00 -$72,000.00 -24.08% 03/23/2018 $299,000.00 $0.00 0.00%
01/23/2018 $466,000.00 $1,000.00 0.22%   $0.00 $0.00 0.00%
01/23/2018 $342,000.00 -$18,000.00 -5.00%   $0.00 $0.00 0.00%
01/23/2018 $925,000.00 -$70,000.00 -7.04%   $0.00 $0.00 0.00%
01/23/2018 $377,000.00 $2,000.00 0.53%   $0.00 $0.00 0.00%
01/23/2018 $290,000.00 -$195,000.00 -40.21% 01/30/2018 $485,000.00 $0.00 0.00%
N/A N/A N/A N/A 03/26/2018 $352,000.00 $10,000.00 2.92%
01/23/2018 $480,000.00 $48,000.00 11.11%   $0.00 $0.00 0.00%
01/23/2018 $391,000.00 -$99,000.00 -20.20% 01/29/2018 $490,000.00 $0.00 0.00%
01/23/2018 $475,000.00 -$11,000.00 -2.26%   $0.00 $0.00 0.00%
01/23/2018 $556,000.00 -$9,000.00 -1.59%   $0.00 $0.00 0.00%
01/23/2018 $456,000.00 -$26,000.00 -5.39%   $0.00 $0.00 0.00%
01/23/2018 $498,000.00 -$67,000.00 -11.86% 01/26/2018 $565,000.00 $0.00 0.00%
N/A N/A N/A N/A 01/31/2018 $405,000.00 $0.00 0.00%
01/23/2018 $372,000.00 -$73,000.00 -16.40% 01/26/2018 $445,000.00 $0.00 0.00%
01/23/2018 $475,000.00 -$15,000.00 -3.06%   $0.00 $0.00 0.00%
01/23/2018 $413,000.00 $39,000.00 10.43%   $0.00 $0.00 0.00%
01/23/2018 $921,000.00 -$24,000.00 -2.54%   $0.00 $0.00 0.00%
02/09/2018 $247,000.00 -$15,000.00 -5.73%   $0.00 $0.00 0.00%
01/23/2018 $290,000.00 -$7,200.00 -2.42%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 01/29/2018 $385,000.00 $0.00 0.00%
01/23/2018 $282,000.00 -$88,000.00 -23.78% 01/29/2018 $370,000.00 $0.00 0.00%
01/23/2018 $352,000.00 -$28,000.00 -7.37%   $0.00 $0.00 0.00%
01/23/2018 $407,000.00 -$31,000.00 -7.08%   $0.00 $0.00 0.00%
01/23/2018 $312,000.00 -$17,000.00 -5.17%   $0.00 $0.00 0.00%
01/23/2018 $435,000.00 -$5,000.00 -1.14%   $0.00 $0.00 0.00%
01/23/2018 $466,000.00 -$24,000.00 -4.90%   $0.00 $0.00 0.00%
02/09/2018 $638,000.00 $13,000.00 2.08%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 01/29/2018 $385,000.00 $0.00 0.00%
01/23/2018 $471,000.00 -$34,000.00 -6.73%   $0.00 $0.00 0.00%
01/23/2018 $697,000.00 -$38,000.00 -5.17%   $0.00 $0.00 0.00%
01/23/2018 $404,000.00 -$21,000.00 -4.94%   $0.00 $0.00 0.00%
01/23/2018 $598,000.00 -$4,000.00 -0.66%   $0.00 $0.00 0.00%
02/09/2018 $366,000.00 -$19,000.00 -4.94%   $0.00 $0.00 0.00%
01/23/2018 $504,000.00 -$21,000.00 -4.00%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 01/30/2018 $444,000.00 $0.00 0.00%
N/A N/A N/A N/A 03/22/2018 $585,000.00 $0.00 0.00%
02/09/2018 $377,000.00 -$13,000.00 -3.33%   $0.00 $0.00 0.00%
01/23/2018 $359,000.00 -$11,000.00 -2.97%   $0.00 $0.00 0.00%
01/23/2018 $617,000.00 -$23,000.00 -3.59%   $0.00 $0.00 0.00%
02/09/2018 $249,000.00 -$56,000.00 -18.36% 02/14/2018 $305,000.00 $0.00 0.00%
02/09/2018 $247,000.00 -$90,000.00 -26.71% 02/16/2018 $337,000.00 $0.00 0.00%
02/09/2018 $357,000.00 $27,000.00 8.18%   $0.00 $0.00 0.00%
01/23/2018 $370,000.00 -$20,000.00 -5.13%   $0.00 $0.00 0.00%
01/23/2018 $381,000.00 $48,000.00 14.41%   $0.00 $0.00 0.00%
02/09/2018 $610,000.00 -$70,000.00 -10.29% 02/19/2018 $680,000.00 $0.00 0.00%
N/A N/A N/A N/A 02/15/2018 $620,000.00 $0.00 0.00%
02/09/2018 $354,000.00 $54,000.00 18.00%   $0.00 $0.00 0.00%
02/09/2018 $619,000.00 -$31,000.00 -4.77%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/15/2018 $345,000.00 $0.00 0.00%
02/09/2018 $542,000.00 -$14,000.00 -2.52%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/19/2018 $334,000.00 $0.00 0.00%
02/09/2018 $328,000.00 -$12,000.00 -3.53%   $0.00 $0.00 0.00%
02/09/2018 $387,000.00 -$3,000.00 -0.77%   $0.00 $0.00 0.00%
02/09/2018 $265,000.00 -$16,000.00 -5.69%   $0.00 $0.00 0.00%
02/09/2018 $380,000.00 -$26,000.00 -6.40%   $0.00 $0.00 0.00%
02/09/2018 $342,000.00 -$8,000.00 -2.29%   $0.00 $0.00 0.00%
02/09/2018 $469,000.00 -$5,000.00 -1.05%   $0.00 $0.00 0.00%
03/20/2018 $228,000.00 -$29,000.00 -11.28% 03/22/2018 $257,000.00 $0.00 0.00%
03/20/2018 $332,000.00 $4,000.00 1.22%   $0.00 $0.00 0.00%
02/09/2018 $234,000.00 -$218,000.00 -48.23% 02/14/2018 $452,000.00 $0.00 0.00%
02/09/2018 $377,000.00 $12,000.00 3.29%   $0.00 $0.00 0.00%
02/09/2018 $350,000.00 -$5,000.00 -1.41%   $0.00 $0.00 0.00%
02/09/2018 $280,000.00 -$15,000.00 -5.08%   $0.00 $0.00 0.00%
02/09/2018 $429,000.00 -$6,000.00 -1.38%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/16/2018 $480,000.00 $0.00 0.00%
02/09/2018 $400,000.00 -$70,000.00 -14.89% 02/16/2018 $470,000.00 $0.00 0.00%
02/09/2018 $264,000.00 -$30,500.00 -10.36% 02/16/2018 $294,500.00 $0.00 0.00%
02/09/2018 $550,000.00 -$94,000.00 -14.60% 02/16/2018 $644,000.00 $0.00 0.00%
02/09/2018 $663,000.00 $3,000.00 0.45%   $0.00 $0.00 0.00%
03/20/2018 $309,000.00 -$8,250.00 -2.60%   $0.00 $0.00 0.00%
02/09/2018 $613,000.00 -$57,000.00 -8.51%   $0.00 $0.00 0.00%
02/09/2018 $480,000.00 $0.00 0.00%   $0.00 $0.00 0.00%
02/09/2018 $317,000.00 $2,000.00 0.63%   $0.00 $0.00 0.00%
02/09/2018 $453,000.00 -$7,000.00 -1.52%   $0.00 $0.00 0.00%
03/20/2018 $256,000.00 -$18,000.00 -6.57%   $0.00 $0.00 0.00%
02/09/2018 $383,000.00 -$197,000.00 -33.97% 02/20/2018 $580,000.00 $0.00 0.00%
02/09/2018 $177,000.00 -$198,000.00 -52.80% 02/19/2018 $345,000.00 -$30,000.00 -8.00%
02/09/2018 $759,000.00 -$31,000.00 -3.92%   $0.00 $0.00 0.00%
02/09/2018 $410,000.00 -$145,000.00 -26.13% 02/16/2018 $555,000.00 $0.00 0.00%
02/09/2018 $437,000.00 -$28,000.00 -6.02%   $0.00 $0.00 0.00%
02/09/2018 $750,000.00 -$34,000.00 -4.34%   $0.00 $0.00 0.00%
02/09/2018 $451,000.00 -$20,000.00 -4.25%   $0.00 $0.00 0.00%
02/09/2018 $304,000.00 -$1,000.00 -0.33%   $0.00 $0.00 0.00%
02/09/2018 $234,000.00 -$48,000.00 -17.02% 02/16/2018 $282,000.00 $0.00 0.00%
02/09/2018 $494,000.00 -$109,000.00 -18.08% 02/16/2018 $603,000.00 $0.00 0.00%
02/09/2018 $373,000.00 -$13,000.00 -3.37%   $0.00 $0.00 0.00%
02/09/2018 $475,000.00 -$55,000.00 -10.38% 02/20/2018 $530,000.00 $0.00 0.00%
02/09/2018 $470,000.00 -$15,000.00 -3.09%   $0.00 $0.00 0.00%
02/09/2018 $319,000.00 -$21,000.00 -6.18%   $0.00 $0.00 0.00%
02/09/2018 $389,000.00 -$33,000.00 -7.82%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/15/2018 $400,000.00 $0.00 0.00%
02/09/2018 $379,000.00 -$61,000.00 -13.86% 02/15/2018 $395,000.00 -$45,000.00 -10.23%
02/09/2018 $664,000.00 -$35,000.00 -5.01%   $0.00 $0.00 0.00%
02/09/2018 $443,000.00 -$2,000.00 -0.45%   $0.00 $0.00 0.00%
02/09/2018 $360,000.00 -$8,000.00 -2.17%   $0.00 $0.00 0.00%
02/09/2018 $399,000.00 $23,000.00 6.12%   $0.00 $0.00 0.00%
02/09/2018 $370,000.00 -$85,000.00 -18.68% 02/16/2018 $455,000.00 $0.00 0.00%
02/09/2018 $367,000.00 -$28,000.00 -7.09%   $0.00 $0.00 0.00%
02/09/2018 $430,000.00 $0.00 0.00%   $0.00 $0.00 0.00%
02/09/2018 $392,000.00 -$5,000.00 -1.26%   $0.00 $0.00 0.00%
02/09/2018 $341,000.00 -$15,000.00 -4.21%   $0.00 $0.00 0.00%
03/20/2018 $647,000.00 $94,000.00 17.00%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/16/2018 $370,000.00 $0.00 0.00%
02/09/2018 $255,000.00 -$62,000.00 -19.56% 02/16/2018 $317,000.00 $0.00 0.00%
02/09/2018 $348,000.00 -$37,000.00 -9.61%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/16/2018 $464,000.00 $0.00 0.00%
N/A N/A N/A N/A 02/16/2018 $459,000.00 $0.00 0.00%
02/09/2018 $589,000.00 -$31,000.00 -5.00%   $0.00 $0.00 0.00%
02/09/2018 $679,000.00 -$21,000.00 -3.00%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/22/2018 $620,000.00 $0.00 0.00%
02/09/2018 $399,000.00 $1,500.00 0.38%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/15/2018 $595,000.00 $0.00 0.00%
02/09/2018 $245,000.00 -$230,000.00 -48.42% 02/16/2018 $475,000.00 $0.00 0.00%
02/09/2018 $380,000.00 -$130,000.00 -25.49% 02/16/2018 $510,000.00 $0.00 0.00%
02/09/2018 $513,000.00 -$48,000.00 -8.56%   $0.00 $0.00 0.00%
03/20/2018 $526,000.00 $1,000.00 0.19%   $0.00 $0.00 0.00%
02/09/2018 $73,000.00 -$287,000.00 -79.72% 02/16/2018 $360,000.00 $0.00 0.00%
02/09/2018 $465,000.00 $9,000.00 1.97%   $0.00 $0.00 0.00%
02/09/2018 $475,000.00 -$15,000.00 -3.06%   $0.00 $0.00 0.00%
02/09/2018 $609,000.00 $9,000.00 1.50%   $0.00 $0.00 0.00%
02/09/2018 $380,000.00 -$25,000.00 -6.17%   $0.00 $0.00 0.00%
02/09/2018 $279,000.00 -$13,000.00 -4.45%   $0.00 $0.00 0.00%
02/09/2018 $309,000.00 -$11,000.00 -3.44%   $0.00 $0.00 0.00%
02/09/2018 $303,000.00 -$2,000.00 -0.66%   $0.00 $0.00 0.00%
02/09/2018 $579,000.00 -$11,000.00 -1.86%   $0.00 $0.00 0.00%
02/09/2018 $237,000.00 -$16,000.00 -6.32%   $0.00 $0.00 0.00%
02/09/2018 $379,000.00 -$79,000.00 -17.25% 02/16/2018 $458,000.00 $0.00 0.00%
02/09/2018 $475,000.00 -$5,000.00 -1.04%   $0.00 $0.00 0.00%
02/09/2018 $299,000.00 -$1,000.00 -0.33%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/16/2018 $435,000.00 $0.00 0.00%
02/09/2018 $282,000.00 -$23,000.00 -7.54%   $0.00 $0.00 0.00%
02/09/2018 $260,000.00 -$30,000.00 -10.34% 02/20/2018 $290,000.00 $0.00 0.00%
02/09/2018 $337,000.00 -$18,000.00 -5.07%   $0.00 $0.00 0.00%
02/09/2018 $256,000.00 -$129,000.00 -33.51% 02/16/2018 $280,000.00 -$105,000.00 -27.27%
02/09/2018 $272,000.00 -$23,000.00 -7.80%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/16/2018 $284,900.00 $0.00 0.00%
03/20/2018 $618,000.00 $18,000.00 3.00%   $0.00 $0.00 0.00%
02/09/2018 $338,000.00 -$87,000.00 -20.47% 02/16/2018 $425,000.00 $0.00 0.00%
02/09/2018 $510,000.00 -$130,000.00 -20.31% 02/16/2018 $640,000.00 $0.00 0.00%
02/09/2018 $409,000.00 -$6,000.00 -1.45%   $0.00 $0.00 0.00%
02/09/2018 $570,000.00 -$27,000.00 -4.52%   $0.00 $0.00 0.00%
02/09/2018 $228,000.00 -$297,000.00 -56.57% 02/16/2018 $500,000.00 -$25,000.00 -4.76%
02/09/2018 $398,000.00 -$27,000.00 -6.35%   $0.00 $0.00 0.00%
02/09/2018 $247,000.00 -$38,000.00 -13.33% 02/14/2018 $285,000.00 $0.00 0.00%
02/09/2018 $458,000.00 -$59,000.00 -11.41% 02/16/2018 $517,000.00 $0.00 0.00%
N/A N/A N/A N/A 02/22/2018 $472,000.00 $0.00 0.00%
N/A N/A N/A N/A 02/20/2018 $334,000.00 $0.00 0.00%
02/09/2018 $238,000.00 -$66,000.00 -21.71% 02/16/2018 $304,000.00 $0.00 0.00%
02/09/2018 $451,000.00 -$25,000.00 -5.25%   $0.00 $0.00 0.00%
02/09/2018 $323,000.00 -$9,000.00 -2.71%   $0.00 $0.00 0.00%
02/09/2018 $437,000.00 -$23,000.00 -5.00%   $0.00 $0.00 0.00%
02/09/2018 $539,000.00 -$26,000.00 -4.60%   $0.00 $0.00 0.00%
02/09/2018 $564,000.00 $64,000.00 12.80%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/16/2018 $286,000.00 $0.00 0.00%
02/09/2018 $248,000.00 -$52,000.00 -17.33% 02/14/2018 $300,000.00 $0.00 0.00%
02/09/2018 $370,000.00 -$2,000.00 -0.54%   $0.00 $0.00 0.00%
02/09/2018 $287,000.00 -$68,000.00 -19.15% 02/16/2018 $355,000.00 $0.00 0.00%
02/09/2018 $296,000.00 $3,500.00 1.20%   $0.00 $0.00 0.00%
02/09/2018 $645,000.00 $12,000.00 1.90%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/16/2018 $328,000.00 $0.00 0.00%
02/09/2018 $404,000.00 $19,000.00 4.94%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 02/19/2018 $415,000.00 -$35,000.00 -7.78%
02/09/2018 $390,000.00 $20,100.00 5.43%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 03/26/2018 $643,000.00 $0.00 0.00%
03/20/2018 $594,000.00 -$31,000.00 -4.96%   $0.00 $0.00 0.00%
03/20/2018 $298,000.00 -$22,000.00 -6.88%   $0.00 $0.00 0.00%
03/20/2018 $649,000.00 $4,000.00 0.62%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 03/26/2018 $475,000.00 $0.00 0.00%
03/20/2018 $467,000.00 -$53,000.00 -10.19% 03/22/2018 $520,000.00 $0.00 0.00%
03/20/2018 $461,000.00 -$36,000.00 -7.24%   $0.00 $0.00 0.00%
03/20/2018 $530,000.00 $20,000.00 3.92%   $0.00 $0.00 0.00%
03/20/2018 $314,000.00 -$36,000.00 -10.29% 03/23/2018 $350,000.00 $0.00 0.00%
N/A N/A N/A N/A 03/23/2018 $430,000.00 $0.00 0.00%
03/20/2018 $360,000.00 $20,000.00 5.88%   $0.00 $0.00 0.00%
03/20/2018 $313,000.00 -$25,000.00 -7.40%   $0.00 $0.00 0.00%
03/20/2018 $536,000.00 -$16,000.00 -2.90%   $0.00 $0.00 0.00%
03/20/2018 $445,000.00 $47,000.00 11.81%   $0.00 $0.00 0.00%
03/20/2018 $420,000.00 $24,000.00 6.06%   $0.00 $0.00 0.00%
03/20/2018 $281,000.00 -$7,000.00 -2.43%   $0.00 $0.00 0.00%
03/20/2018 $312,000.00 -$28,000.00 -8.24%   $0.00 $0.00 0.00%
03/20/2018 $550,000.00 $30,000.00 5.77%   $0.00 $0.00 0.00%
03/20/2018 $95,000.00 -$145,000.00 -60.42% 03/23/2018 $225,000.00 -$15,000.00 -6.25%
03/20/2018 $404,000.00 $4,000.00 1.00%   $0.00 $0.00 0.00%
03/20/2018 $584,000.00 -$31,000.00 -5.04%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 03/26/2018 $465,000.00 $0.00 0.00%
03/20/2018 $318,000.00 -$47,000.00 -12.88% 03/26/2018 $365,000.00 $0.00 0.00%
03/20/2018 $612,000.00 $5,584.00 0.92%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 03/23/2018 $286,000.00 $0.00 0.00%
N/A N/A N/A N/A 03/22/2018 $355,700.00 $0.00 0.00%
03/20/2018 $483,000.00 -$67,000.00 -12.18% 03/22/2018 $550,000.00 $0.00 0.00%
03/20/2018 $260,000.00 -$6,000.00 -2.26%   $0.00 $0.00 0.00%
03/20/2018 $339,000.00 -$17,000.00 -4.78%   $0.00 $0.00 0.00%
03/20/2018 $399,000.00 -$56,000.00 -12.31% 03/22/2018 $455,000.00 $0.00 0.00%
03/20/2018 $265,000.00 -$15,000.00 -5.36%   $0.00 $0.00 0.00%
03/20/2018 $483,000.00 -$62,000.00 -11.38% 03/23/2018 $545,000.00 $0.00 0.00%
03/20/2018 $415,000.00 $70,000.00 20.29%   $0.00 $0.00 0.00%
03/20/2018 $349,000.00 $20,000.00 6.08%   $0.00 $0.00 0.00%
03/20/2018 $332,000.00 -$23,000.00 -6.48%   $0.00 $0.00 0.00%
03/20/2018 $420,000.00 $10,000.00 2.44%   $0.00 $0.00 0.00%
03/20/2018 $316,000.00 -$1,000.00 -0.32%   $0.00 $0.00 0.00%
03/20/2018 $298,000.00 -$28,000.00 -8.59%   $0.00 $0.00 0.00%
03/20/2018 $332,000.00 -$28,000.00 -7.78%   $0.00 $0.00 0.00%
03/20/2018 $363,000.00 -$21,000.00 -5.47%   $0.00 $0.00 0.00%
03/20/2018 $413,000.00 -$25,000.00 -5.71%   $0.00 $0.00 0.00%
03/20/2018 $721,000.00 -$19,000.00 -2.57%   $0.00 $0.00 0.00%
03/20/2018 $464,000.00 -$66,000.00 -12.45% 03/23/2018 $530,000.00 $0.00 0.00%
03/20/2018 $374,000.00 -$29,000.00 -7.20%   $0.00 $0.00 0.00%
03/20/2018 $420,000.00 -$140,000.00 -25.00% 03/22/2018 $550,000.00 -$10,000.00 -1.79%
03/20/2018 $475,000.00 -$50,000.00 -9.52%   $0.00 $0.00 0.00%
03/20/2018 $706,000.00 -$19,000.00 -2.62%   $0.00 $0.00 0.00%
03/20/2018 $446,000.00 $16,000.00 3.72%   $0.00 $0.00 0.00%
03/20/2018 $393,000.00 -$37,000.00 -8.60%   $0.00 $0.00 0.00%
03/20/2018 $633,000.00 $58,000.00 10.09%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 03/23/2018 $348,000.00 $0.00 0.00%
03/20/2018 $248,000.00 -$28,000.00 -10.14% 03/22/2018 $276,000.00 $0.00 0.00%
N/A N/A N/A N/A 03/22/2018 $395,000.00 $0.00 0.00%
03/20/2018 $390,000.00 -$15,000.00 -3.70%   $0.00 $0.00 0.00%
03/20/2018 $342,000.00 -$26,000.00 -7.07%   $0.00 $0.00 0.00%
03/20/2018 $288,000.00 $28,000.00 10.77%   $0.00 $0.00 0.00%
03/20/2018 $408,000.00 -$22,000.00 -5.12%   $0.00 $0.00 0.00%
03/20/2018 $309,000.00 -$12,000.00 -3.74%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 03/22/2018 $379,000.00 -$500.00 -0.13%
03/20/2018 $495,000.00 -$65,000.00 -11.61% 03/24/2018 $560,000.00 $0.00 0.00%
03/20/2018 $322,000.00 $4,000.00 1.26%   $0.00 $0.00 0.00%
N/A N/A N/A N/A 03/23/2018 $368,000.00 $0.00 0.00%
03/20/2018 $229,000.00 -$121,000.00 -34.57% 03/22/2018 $350,000.00 $0.00 0.00%
03/20/2018 $584,000.00 -$106,000.00 -15.36% 03/22/2018 $690,000.00 $0.00 0.00%
03/20/2018 $355,000.00 $20,000.00 5.97%   $0.00 $0.00 0.00%
03/20/2018 $359,000.00 -$6,000.00 -1.64%   $0.00 $0.00 0.00%
03/20/2018 $348,000.00 -$4,000.00 -1.14%   $0.00 $0.00 0.00%
03/20/2018 $217,000.00 -$195,000.00 -47.33% 03/26/2018 $412,000.00 $0.00 0.00%
03/20/2018 $318,000.00 -$20,000.00 -5.92%   $0.00 $0.00 0.00%
03/20/2018 $285,000.00 -$120,000.00 -29.63% 03/23/2018 $405,000.00 $0.00 0.00%
03/20/2018 $361,000.00 -$79,000.00 -17.95% 03/22/2018 $440,000.00 $0.00 0.00%
03/20/2018 $197,000.00 -$20,000.00 -9.22%   $0.00 $0.00 0.00%
03/20/2018 $497,000.00 $47,000.00 10.44%   $0.00 $0.00 0.00%
03/20/2018 $324,000.00 $4,000.00 1.25%   $0.00 $0.00 0.00%
03/20/2018 $372,000.00 -$14,000.00 -3.63%   $0.00 $0.00 0.00%
03/20/2018 $309,000.00 -$2,000.00 -0.64%   $0.00 $0.00 0.00%
03/20/2018 $48,000.00 -$241,724.00 -83.43% 03/26/2018 $289,724.00 $0.00 0.00%
03/20/2018 $664,000.00 -$61,000.00 -8.41%   $0.00 $0.00 0.00%
03/20/2018 $428,000.00 $3,000.00 0.71%   $0.00 $0.00 0.00%


Table of Contents

Field Review Second Field Review
Report Date Value Variance Amount Variance (%) Report Date Value Variance Amount Variance (%)
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
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03/01/2018 $440,000.00 $0.00 0.00%   $0.00 $0.00 0.00%
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03/01/2018 $368,000.00 -$17,000.00 -4.42%   $0.00 $0.00 0.00%
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  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%


Table of Contents

1004 SFR (Mar 05) 1073 Condo (Mar 05)
Report Date Value Variance Amount Variance (%) Report Date Value Variance Amount Variance (%)
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%


Table of Contents

1025 Multi-Fam (Mar 05) Other
Report Date Value Variance Amount Variance (%) Report Date Value Variance Amount Variance (%)
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%


Table of Contents

Client Name: Freddie Mac
Client Project Name: Freddie Mac - STACR 2018 SPI2
Start - End Dates: 01/2018-05/2018
Deal Loan Count: 24        
 
Valuations Summary
Loans in Report: 24        

Origination Values
Loan Number Original Balance Sales Price Value for LTV Appraised Date New Appraised Value New Review Value Review Type
XXXXXX XXXXXX XXXXXX XXXXXX 06/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 05/02/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 05/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 06/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 05/30/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/28/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 08/03/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 06/15/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 07/05/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/08/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX Not Applicable XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 09/22/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/09/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/18/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/11/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/02/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 10/12/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/07/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/02/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/06/2017 XXXXX $0.00  
XXXXXX XXXXXX XXXXXX XXXXXX 11/08/2017 XXXXX $0.00  

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by such agreement, including reliance on this report by anyone other than such party, is prohibited.


Table of Contents

Automated Valuation Model Desk Review
Report Date Value Variance Amount Variance (%) Report Date Value Variance Amount Variance (%)
11/14/2017 $158,000.00 -$272,000.00 -63.26% 11/20/2017 $430,000.00 $0.00 0.00%
N/A N/A N/A N/A 11/17/2017 $465,000.00 $0.00 0.00%
07/18/2017 $522,000.00 -$12,000.00 -2.25%   $0.00 $0.00 0.00%
07/18/2017 $260,000.00 -$25,000.00 -8.77%   $0.00 $0.00 0.00%
07/18/2017 $522,000.00 -$25,000.00 -4.57%   $0.00 $0.00 0.00%
11/14/2017 $266,000.00 $6,000.00 2.31%   $0.00 $0.00 0.00%
11/14/2017 $375,000.00 -$5,000.00 -1.32%   $0.00 $0.00 0.00%
11/14/2017 $499,000.00 -$36,000.00 -6.73%   $0.00 $0.00 0.00%
11/14/2017 $682,000.00 $38,000.00 5.90%   $0.00 $0.00 0.00%
11/14/2017 $590,000.00 -$95,000.00 -13.87% 11/24/2017 $585,000.00 -$100,000.00 -14.60%
11/14/2017 $430,000.00 -$45,000.00 -9.47%   $0.00 $0.00 0.00%
11/14/2017 $452,000.00 -$133,000.00 -22.74% 11/20/2017 $585,000.00 $0.00 0.00%
N/A N/A N/A N/A N/A N/A N/A N/A
11/14/2017 $544,000.00 -$146,000.00 -21.16% 12/19/2017 $540,000.00 -$150,000.00 -21.74%
11/14/2017 $451,000.00 -$19,000.00 -4.04%   $0.00 $0.00 0.00%
12/13/2017 $354,000.00 -$181,000.00 -33.83% 12/29/2017 $408,900.00 -$126,100.00 -23.57%
12/13/2017 $223,000.00 -$7,000.00 -3.04%   $0.00 $0.00 0.00%
12/13/2017 $375,000.00 -$9,000.00 -2.34%   $0.00 $0.00 0.00%
12/13/2017 $606,000.00 $176,000.00 40.93%   $0.00 $0.00 0.00%
12/13/2017 $461,000.00 -$29,000.00 -5.92%   $0.00 $0.00 0.00%
12/13/2017 $285,000.00 $15,000.00 5.56%   $0.00 $0.00 0.00%
12/13/2017 $456,000.00 -$21,500.00 -4.50%   $0.00 $0.00 0.00%
12/13/2017 $255,000.00 -$21,900.00 -7.91%   $0.00 $0.00 0.00%
12/13/2017 $437,000.00 -$25,000.00 -5.41%   $0.00 $0.00 0.00%


Table of Contents

Field Review Second Field Review
Report Date Value Variance Amount Variance (%) Report Date Value Variance Amount Variance (%)
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
01/09/2018 $360,000.00 -$175,000.00 -32.71%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%


Table of Contents

1004 SFR (Mar 05) 1073 Condo (Mar 05)
Report Date Value Variance Amount Variance (%) Report Date Value Variance Amount Variance (%)
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%


Table of Contents

1025 Multi-Fam (Mar 05) Other
Report Date Value Variance Amount Variance (%) Report Date Value Variance Amount Variance (%)
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%
  $0.00 $0.00 0.00%   $0.00 $0.00 0.00%