EX-99.24 25 ex99-24.htm IB EXCEPTION REPORT

 

Angel Oak Mortgage Trust 2020-6 ABS-15G

Exhibit 99.24

 

 

Loan ID Exception ID Exception ID Date Condition Category Condition Standardized Description Condition ID Alternative Condition Grade Status Condition Custom Description Cleared Date Compensating Factors Lender Response Comments Moody's Final Exception Level Grade Fitch Final Exception Level Grade S&P Final Exception Level Grade Kroll Final Exception Level Grade DBRS Final Exception Level Grade Initial Exception Level Grade
202006015 568555 12/18/2019 Compliance No Real Estate Commission(s) disclosed on final Closing Disclosure for Purchase transaction (12 CFR 1026.38(g)(4)) TRID 0196 2 Acknowledged No Real Estate Commission(s) disclosed on final Closing Disclosure for Purchase transaction.  The seller's CD does reflect that commissions were paid in this transaction.   Conservative use of credit - Residual income $1,000 above the minimum required ; Verified reserves - PITIA reserves above minimum by 6 months or higher      B B B B B C
202006015 568558 12/18/2019 Credit Tax Returns/Transcripts are Insufficient CRED 0087 2 Acknowledged Missing two years tax returns.  Borrower receives income through a 1099 by providing consultant services to Trust.  Missing tax returns to review schedule C.  Tax transcripts are only for wage and income documents.  Unable to confirm this income has a two year history as only the xxxxx 1099 was provided.   Conservative use of credit - Residual income $1,000 above the minimum required ; Verified reserves - PITIA reserves above minimum by 6 months or higher  2/6/2020 - Recd from lender, "Borrower has not been receiving income for 2 years - attorney letter states that xxxxx started receiving this income in X/XXXX"
Missing investor exception allowing xxxxx income without a two year history for the borrower.  Per attorney letter borrower inherited this position, previous recipient did have a two year history.  
 Client: Override to EV2 for investor acknowledged exception. B B B B B C
202006015 569036 12/19/2019 Credit Undisclosed or Excluded Debt CRED 0086 1 Closed Review DTI does not match lender's DTI due to a variance in monthly liabilities.  It appears the lender excluded an installment loan with 59 months of payments remaining per the credit supplement.  Unable to determine why the debt was excluded. 01/02/2020 Conservative use of credit - Residual income $1,000 above the minimum required ; Verified reserves - PITIA reserves above minimum by 6 months or higher  12/27/2019 - Recd closing statement from the refinance of the borrower's primary residence.  Payoff addendum reflects the xxxxx loan paid at closing.  Exception cleared. 12/27/2019 - Recd closing statement from the refinance of the borrower's primary residence.  Payoff addendum reflects the xxxxx loan paid at closing.  Exception cleared. A A A A A C
202006015 569048 12/19/2019 Credit Discrepancy between 1003 and documentation stated and/or verified in file APP 0006 2 Acknowledged Final 1003 is missing B2's job title and business phone.   Conservative use of credit - Residual income $1,000 above the minimum required ; Verified reserves - PITIA reserves above minimum by 6 months or higher    Client: Override to EV2 for immaterial issue. B B B B B C
202006015 569054 12/19/2019 Credit Missing Documentation or Proof of ATR Underwriting Factors QMATR 0016 1 Closed Updated:
Missing income documentation.  See CRED 0087.
Original:
Missing income documentation and reason for excluding monthly xxxxx  liability.  See CRED 0086 and CRED 0087.		 02/24/2020 Conservative use of credit - Residual income $1,000 above the minimum required ; Verified reserves - PITIA reserves above minimum by 6 months or higher  12/27/2019 - Recd closing statement from the refinance of the borrower's primary residence.  Payoff addendum reflects the xxxxx loan paid at closing.  Exception partially cleared, pending income documentation. 2/20/2020 - All items addressed. A A A A A C
202006016 571357 12/27/2019 Credit Initial 1003 Application is Incomplete APP 0004 2 Acknowledged Missing a copy of the initial signed application, required for bank statement loans for borrower to validate stated income.  The copy in the file is only signed by the LO.       Client: Override to EV2 for investor acknowledged exception B B B B B C
202006016 571368 12/27/2019 Credit Missing Evidence of Verified Property Tax and / or Homeowners Insurance Information CRED 0103 2 Acknowledged Missing documentation for the monthly HOA payment used by the lender.  The appraisal reflects a different figure.       1/9/2020 - Recd updated 1003 and 1008 changing HOA dues to match appraisal.  Exception overridden due to post closing correction. Client: Exception overridden due to post closing correction. B B B B B C
202006016 571369 12/27/2019 Credit Income Documentation is Insufficient CRED 0082 2 Acknowledged Business Narrative is incomplete.  Unaddressed is the business location and associated rent, Materials/Trucks/Equipment.         Sufficient evidence in the file that the borrower works from home.  All consumer debt included in DTI.  50% expense ratio applied.
Mitigated Risk: Sufficient evidence in the file that the borrower works from home.  All consumer debt included in DTI.  50% expense ratio applied.		 B B B B B C
202006017 571220 12/27/2019 Credit Discrepancy between 1003 and documentation stated and/or verified in file APP 0006 2 Acknowledged Employer Phone Number and Yrs employed in this line of work/profession missing from Final 1003   Low DTI - DTI below max by 5% or greater ; No Apparent Right to Statutory Damages - Override to EV2 for immaterial issue.   Client: Override to EV2 for immaterial issue. B B B B B C
202006017 571231 12/27/2019 Compliance No Real Estate Commission(s) disclosed on final Closing Disclosure for Purchase transaction (12 CFR 1026.38(g)(4)) TRID 0196 2 Acknowledged Final CD does not reflect an.     Low DTI - DTI below max by 5% or greater ; No Apparent Right to Statutory Damages - Override to EV2 for immaterial issue.   Override to EV2 due to Immaterial Issue.  No Assignee Liability.
Mitigated Risk: Override to EV2 due to Immaterial Issue.  No Assignee Liability.		 B B B B B C
202006017 573208 01/03/2020 Credit Fraud report alerts have not been addressed FRAUD 0001 1 Closed Fraud reports in the file reflect no alerts have been addressed. 02/05/2020 Low DTI - DTI below max by 5% or greater ; No Apparent Right to Statutory Damages - Override to EV2 for immaterial issue. 1/28/2020 - Recd fraud report and documentation reflecting the borrower does own this property and the fraud alert for undisclosed property was not addressed during origination.  Exception remains.
1/15/2020 - Recd fraud report, unable to locate documentation for clearing xxxxx.  Public records indicate the borrower owns additional REO, missing LOE and supporting documentation for exclusion.		 2/5/2020 - Recd post closing 1003 and 1008 with undisclosed property added. A A A A A C
202006017 573701 01/06/2020 Credit Asset Documentation is Insufficient CRED 0083 1 Closed Missing clearance of earnest money so borrower has sufficient verified funds for reserves.   01/21/2020 Low DTI - DTI below max by 5% or greater ; No Apparent Right to Statutory Damages - Override to EV2 for immaterial issue. 1/15/2020 - Recd bank statement reflecting clearance of earnest money.   Exception cleared. 1/15/2020 - Recd bank statement reflecting clearance of earnest money.   Exception cleared. A A A A A C
202006018 574565 01/07/2020 Credit Income Documentation is Insufficient CRED 0082 1 Closed Missing CPA letter certifying the expense ratio of 60%. 03/03/2020 Verified reserves - PITIA reserves above minimum by 6 months or higher ; Verified credit history - FICO score above minimum by 20 points or higher  2/25/2020 - Recd updated documentation (Bank statement analysis, 1008, 1003) using 50% expense factor. 2/25/2020 - Recd updated documentation (Bank statement analysis, 1008, 1003) using 50% expense factor and excluding all both xxxxx deposits and xxxxx deposit.  DTI using this calculation method is 46.41%. A A A A A C
202006018 574574 01/07/2020 Credit Income Calculation Discrepancy CRED 0084 1 Closed Reviewer calculated income does not match lender's income.  Variance is due to the reviewer excluding deposits that do not appear to be business income. 03/03/2020 Verified reserves - PITIA reserves above minimum by 6 months or higher ; Verified credit history - FICO score above minimum by 20 points or higher  2/25/2020 - Recd updated documentation (Bank statement analysis, 1008, 1003) using 50% expense factor and excluding all questionable deposits.  DTI using this calculation method is within tolerance.
2/25/2020 - Attached documentation is insufficient to satisfy the exception. Finding Remains;
2/18/2020 - Attached documentation is insufficient to satisfy the exception. Finding Remains;
1/28/2020 - Attached documentation is insufficient to satisfy the exception. Finding Remains;		 2/25/2020 - Recd updated documentation (Bank statement analysis, 1008, 1003) using 50% expense factor and excluding all questionable deposits.  DTI using this calculation method is within tolerance. A A A A A C
202006018 574575 01/07/2020 Credit Back-end Ratio exception (DTI) CRED 0004 1 Closed Updated:
DTI is excessive.  Variance is due to the income calculation discrepancy, see CRED 0084.
Original:
DTI is excessive.  Variance is due to the income calculation discrepancy and current rent payment, see CRED 0084 and CRED 0086.		 03/03/2020 Verified reserves - PITIA reserves above minimum by 6 months or higher ; Verified credit history - FICO score above minimum by 20 points or higher  2/25/2020 - Recd updated documentation (Bank statement analysis, 1008, 1003) using 50% expense factor and excluding all both xxxxx deposits and xxxxx deposit.  DTI using this calculation method is 46.41%.
2/18/2020 - Additional review completed and rent excluded.  DTI is still excessive as the lender is only excluding 1 of the xxxxx deposits from income.  With two, DTI is still excessive.  Exception verbiage updated.

1/28/2020 - Recd updated income calculation excluding the xxxxx deposit and one of the xxxxx deposits.  The xxxxx deposit was still included, income calculation discrepancy still exists.  Occupancy of subject is still questionable, so rent payment is still included.  Exception remains.		 2/25/2020 - Recd updated documentation (Bank statement analysis, 1008, 1003) using 50% expense factor and excluding all questionable deposits.  DTI using this calculation method is within tolerance. A A A A A C
202006018 574577 01/07/2020 Credit Undisclosed or Excluded Debt CRED 0086 1 Closed Lender did not include the borrower's current rent.  Per the borrower LOE, after closing the borrower will be collecting bids for a complete renovation of the property.  It is not decided whether the renovation will be phased or all at once.  Reviewer included the current rent as it is not reasonable that the borrower will be occupying the property during renovation (occupancy is questionable regardless, see CRED 0015) so the rent payment will continue until the renovations are complete.  No timeline provided. 02/20/2020 Verified reserves - PITIA reserves above minimum by 6 months or higher ; Verified credit history - FICO score above minimum by 20 points or higher  2/18/2020 - Additional review completed and rent excluded. 2/18/2020 - Additional review completed and rent excluded. A A A A A C
202006018 574578 01/07/2020 Credit Questionable Occupancy CRED 0015 2 Acknowledged The borrower's previous residence was a both larger and far more upgraded.  There is an LOE in the file that states xxxxx no longer needs a big house with most of xxxxx children grown up, however the subject appears to be a substantial downsize in both size, condition, curb appeal, and quality.  A search of the borrower's current rented primary reflects higher quality than the subject, and all units are larger than the subject.    Verified reserves - PITIA reserves above minimum by 6 months or higher ; Verified credit history - FICO score above minimum by 20 points or higher    Client: Override to EV2 as an observation. B B B B B C
202006018 574586 01/07/2020 Credit Missing Documentation or Proof of ATR Underwriting Factors QMATR 0016 1 Closed Missing income information and documentation.  See CRED 0004, CRED 0082, CRED 0084. 03/03/2020 Verified reserves - PITIA reserves above minimum by 6 months or higher ; Verified credit history - FICO score above minimum by 20 points or higher  2/25/2020 - Recd updated documentation (Bank statement analysis, 1008, 1003) using 50% expense factor and excluding all questionable deposits.  DTI using this calculation method is within tolerance.
2/18/2020 - Verbiage updated		 2/25/2020 - Recd updated documentation (Bank statement analysis, 1008, 1003) using 50% expense factor and excluding all questionable deposits.  DTI using this calculation method is within tolerance. A A A A A C
202006019 574710 01/08/2020 Credit Initial 1003 Application is Incomplete APP 0004 2 Acknowledged Missing a copy of the initial signed application, required for bank statement loans for borrower to validate stated income.  The copy in the file is only signed by the LO.   Verified employment history - Job stability of 5 years or more ; Established credit history - FICO score above minimum by 20 points or higher    Client: Override to EV3 for investor acknowledged exception. B B B B B C
202006019 574779 01/08/2020 Credit Sales Contract is not executed by all Parties CRED 0106 1 Closed Missing a copy of the fully executed leasehold land purchase agreement.  The copy in the file is not signed by the buyer or the sellers. 01/29/2020 Verified employment history - Job stability of 5 years or more ; Established credit history - FICO score above minimum by 20 points or higher  1/28/2020 - Recd Land purchase agreement signed by the seller.  Exception cleared. 1/28/2020 - Recd Land purchase agreement signed by the seller.  Exception cleared. A A A A A C
202006019 574787 01/08/2020 Compliance Missing Warranty Deed (Purchase Only) DEED 0048 1 Closed Missing warranty Deed transferring the land (previously leasehold) to borrower. 01/28/2020 Verified employment history - Job stability of 5 years or more ; Established credit history - FICO score above minimum by 20 points or higher  1/27/2020 - Recd the chain of title terminating leasehold interest and transferring fee simple ownership of the land to the borrower.  Exception cleared. 1/27/2020 - Recd the chain of title terminating leasehold interest and transferring fee simple ownership of the land to the borrower.  Exception cleared. A A A A A D
202006019 574870 01/08/2020 Credit Income Calculation Discrepancy CRED 0084 2 Acknowledged Reviewer's bank statement analysis varies from lenders due to a difference in excluded deposits.

   Verified employment history - Job stability of 5 years or more ; Established credit history - FICO score above minimum by 20 points or higher    Override to EV2 for immaterial issue.  Using the reviewer's calculation, the DTI is within tolerance.
Mitigated Risk: Override to EV2 for immaterial issue.  Using the reviewer's calculation, the DTI is within tolerance.		 B B B B B C
202006019 574877 01/08/2020 Credit Income Documentation is Insufficient CRED 0082 1 Closed CPA letter providing expense ratio does not provide all required information.  Missing is:
Attestation that the CPA is not related to the borrower;
Attestation that the CPA is  not associated with the borrower or borrower?s business;
Certification that the Expense Ratio represents an accurate summary of the applicable cash expenses of the business.		 01/21/2020 Verified employment history - Job stability of 5 years or more ; Established credit history - FICO score above minimum by 20 points or higher  1/17/2020 - Recd CPA letter.  Meets 10.9.19 version of SG guidelines.  Exception cleared. 1/17/2020 - Recd CPA letter.  Meets 10.9.19 version of SG guidelines.  Exception cleared. A A A A A C
202006019 574879 01/08/2020 Credit Borrower does not have a 2 year earnings history CRED 0027 2 Acknowledged Missing xxxxx information from the borrower's TWN Verification of Income (xxxxx).  Document only provides annual income for xxxxx and xxxxx year to date.     Verified employment history - Job stability of 5 years or more ; Established credit history - FICO score above minimum by 20 points or higher    Client: Override to EV2 for investor acknowledged exception. B B B B B C
202006019 574900 01/08/2020 Credit Missing Source of Funds CRED 0108 1 Closed Missing explanation or documentation for the source of the Earnest Money deposit.  These funds need to be included in verified assets in order for the borrower to meet reserve requirement.  The title receipt and wire reflect the source was not the borrower's account, but from Pure Logic Escrow.   01/28/2020 Verified employment history - Job stability of 5 years or more ; Established credit history - FICO score above minimum by 20 points or higher  01/24/2020 - Recd wire transfer advice reflecting the earnest money deposit was wired from a documented account prior to statements.  Exception cleared. 01/24/2020 - Recd wire transfer advice reflecting the earnest money deposit was wired from a documented account prior to statements.  Exception cleared. A A A A A C
202006020 577637 01/14/2020 Credit Initial 1003 Application is Incomplete APP 0004 2 Acknowledged Missing a copy of the initial signed application, required for bank statement loans for borrower to validate stated income.  The copy in the file is only signed by the LO.   Low DTI - DTI below max by 5% or greater ; Verified reserves - PITIA reserves above minimum by 6 months or higher    Client: Override to EV2 for investor acknowledged exception. B B B B B C
202006020 577652 01/14/2020 Credit Missing proof of PITI payment on non-subject property CRED 0096 1 Closed Updated 1/29/2020 - Missing third party verification of the HOA dues for add'l REO. File does contain a processor's cert that the borrower does not receive an invoice.  Missing alternative verification to confirm fee.   02/06/2020 Low DTI - DTI below max by 5% or greater ; Verified reserves - PITIA reserves above minimum by 6 months or higher  2/5/2020 - Recd online screenshot of property listing supporting HOA dues.  Exception cleared.
1/28/2020 - Recd copy of the check for HOA dues.  Missing third party verification of the dues.  Exception remains.		 2/5/2020 - Recd online screenshot of property listing supporting HOA dues.  Exception cleared. A A A A A C
202006020 577657 01/14/2020 Compliance Mortgage/Deed of Trust is Incomplete DEED 0049 1 Closed Missing Mortgage for the subject property.  The copy in the file is for the borrower's other REO which was refinanced concurrently. 01/29/2020 Low DTI - DTI below max by 5% or greater ; Verified reserves - PITIA reserves above minimum by 6 months or higher  1/28/2020 - Recd the DOT for the subject property.  Exception cleared. 1/28/2020 - Recd the DOT for the subject property.  Exception cleared. A A A A A C
202006020 577658 01/14/2020 Credit Undisclosed or Excluded Debt CRED 0086 1 Closed Updated 2/6/2020 - File is missing evidence that the REO mortgage has been paid in full. 02/11/2020 Low DTI - DTI below max by 5% or greater ; Verified reserves - PITIA reserves above minimum by 6 months or higher  2/7/2020 - Recd evidence of mortgage payoff via settlement statement for the refinance.  Exception cleared.
2/5/2020 - Recd evidence of payoff for one REO mortgage.  Exception remains pending evidence the other mortgage has been paid in full.  Exception updated.		 2/7/2020 - Recd evidence of mortgage payoff via settlement statement for the refinance.  Exception cleared. A A A A A C
202006020 577659 01/14/2020 Credit Income Documentation is Insufficient CRED 0082 1 Closed Missing verification of the tax preparer's license, and internet search for Lending Bee.  01/29/2020 Low DTI - DTI below max by 5% or greater ; Verified reserves - PITIA reserves above minimum by 6 months or higher  1/28/2020 - Recd CPA verification and internet search of the borrower's company.  Exception cleared. 1/28/2020 - Recd CPA verification and internet search of the borrower's company.  Exception cleared. A A A A A C
202006021 579369 01/20/2020 Compliance Disclosed Finance Charge Must Be >= Actual Finance Charge - $100 TRID 0088 1 Closed Disclosed lender credit xxxxx not yet applied. Missing lender credit detail that reflects what fees the credit was to be applied.

The disclosed finance charge (xxxxx) is ($206.00) below the actual finance charge(xxxxx). The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $100 below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1)		 02/28/2020 Verified housing payment history - Credit report confirms 156 months satisfactory mortgage rating. 2/28/2020 - Exception re-reviewed and cleared. Typographical error submitted resulted in the erroneous under-disclosure exception to auto-fire. TRID 0088 Exception Cleared;
 
2/21/2020 - Attached Change of Circumstance with Lock Confirmation is insufficient to satisfy the exception. Missing documentation that details what fees the disclosed lender credit of xxxxx was to be applied. Or, provide itemization of amount financed to reflect what fees the lender included in the finance charge. TRID 0088 Exception Remains;

2/21/2020 - Attached Change of Circumstance is insufficient to satisfy the exception. Missing documentation that details what fees the disclosed lender credit of xxxxx was to be applied. TRID 0088 Exception Remains;		 2/28/2020 - Exception re-reviewed and cleared. Typographical error submitted resulted in the erroneous under-disclosure exception to auto-fire. TRID 0088 Exception Cleared;  A A A A A C
202006021 580170 01/21/2020 Credit Missing Title Evidence TITL 0001 1 Closed Preliminary Title Report and Closing Protection Letter reflects a loan amount of xxxxx. Missing final title policy to evidence coverage sufficient to cover the Note amount. 01/29/2020 Verified housing payment history - Credit report confirms 156 months satisfactory mortgage rating. 1/28/2020 - Exception is cleared with the attached final title policy with insurance coverage sufficient to cover the Note amount. TITL 0001 Exception Cleared; 1/28/2020 - Exception is cleared with the attached final title policy with insurance coverage sufficient to cover the Note amount. TITL 0001 Exception Cleared; A A A A A D
202006021 580221 01/21/2020 Credit Missing ATR/QM Worksheet QMATR 0017 1 Closed Missing QM/ATR Worksheet with loan designation. 01/24/2020 Verified housing payment history - Credit report confirms 156 months satisfactory mortgage rating.   1/24/2020 - Exception is cleared. 1008 provided with income calculation that confirms non-QM loan designation. QMATR 0017 Exception Cleared; A A A A A C
202006021 580223 01/21/2020 Credit Fraud report alerts have not been addressed FRAUD 0001 1 Closed Missing documentation used to address potential ownership issue, xxxxx. 03/03/2020 Verified housing payment history - Credit report confirms 156 months satisfactory mortgage rating. 3/2/2020 - Exception is cleared with the attached lexis nexis report to evidence no ownership of xxxxx. FRAUD 0001 Exception Cleared;

2/26/2020 - "The first attachment is documentation to show the borrower does not own xxxxx. FruadGuard just stated that this address was the mailing address for the property owner of xxxxx. ** No exception cleared. No attachments provided for review. Property report provided on xxxxx was for xxxxx, not xxxxx. FRAUD 0001 Exception Remains;

2/25/2020 - Attached property report for xxxxx does not correspond with the exception. Missing documentation used to address potential ownership issue, xxxxx. FRAUD 0001 Exception Remains;		 3/2/2020 - Exception is cleared with the attached lexis nexis report to evidence no ownership of xxxxx. FRAUD 0001 Exception Cleared;
 A A A A A C
202006021 580225 01/21/2020 Credit Undisclosed or Excluded Debt CRED 0086 1 Closed xxxxx 1040 Schedule E reflects mortgage interest for xxxxx, however, no mortgage was verified or considered. Missing evidence of property is owned free and clear. 03/03/2020 Verified housing payment history - Credit report confirms 156 months satisfactory mortgage rating. 3/2/2020 - Exception is cleared with the fraud report provided in file that lists no loan details for the property (xxxxx). CRED 0086 Exception Cleared;

2/26/2020 - "Please find attached RealQuest property report for the above property". ** No exception cleared. RealQuest report provided xxxxx lists last market sale is xxxxx, however, borrower purchased the property xxxxx per xxxxx. Provide complete property history report to current date to confirm no open mortgages. xxxxx tax return reports mortgage interest being paid. CRED 0086 Exception Remains;

2/25/2020 - Received the same property history report provided on xxxxx. Property history report only covers period through last sale xxxxx.  xxxxx tax return reports mortgage interest being paid. Missing evidence that the property is owned free and clear. CRED 0086 Exception Remains;

1/28/2020 - Attached property history report is incomplete. Only page 1 provided. Property history reflects sale on xxxxx with no mortgage, however, most recent xxxxx tax return reports mortgage interest being paid. Missing evidence that the property is owned free and clear. CRED 0086 Exception Remains;

 3/2/2020 - Exception is cleared with the fraud report provided in file that lists no loan details for the property (xxxxx). CRED 0086 Exception Cleared; A A A A A C
202006021 580226 01/21/2020 Credit Missing leases for rental properties on Schedule E QMATR 0012 1 Closed Missing current signed lease agreements:

xxxxx - Only rent change notice provided from xxxx. Term not reflected (xxxxx). Total contract rent xxxxx < Market Rent xxxxx for Section 8 Housing.

xxxxx - Lease is not signed (xxxxx);

xxxxx - Commercial Property, thus unable to determine total # of rental units. No leases provided.

xxxxx - Commercial Property, thus unable to determine total # of rental units. Two leases provided (xxxxx). *Property is documented as xxxxx, however, one of the lease agreements is for xxxxx. Discrepancy to also be addressed.

xxxxx

xxxxx - Multi-family, thus unable to determine total # of rental units. No leases provided.

xxxxx

xxxxx - Multi-family, thus unable to determine total # of rental units. 2 Notice of Rent Changes for units xxxxx, however, no terms provided (xxxxx). Lease for unit 2 xxxxx
 - Other property type, thus unable to determine # of rental units.

xxxxx - Other property type, thus unable to determine total # of rental units. 3 leases provided (xxxxx)

 03/06/2020 Verified housing payment history - Credit report confirms 156 months satisfactory mortgage rating. 3/5/2020 - "Loans not required on Full Doc loan, we follow FNMA criteria. Bank statement component loans require lease and if not reported on tax returns". QMATR 0012 Exception Cleared;

2/26/2020 - Posted lender response is insufficient to satisfy the exception. ** No exception cleared. Refer to original exception. Investor to confirm whether guideline interpretation is correct, lease agreements are required for properties reported on the borrowers Schedule E. QMATR 0012 Exception Remains;

2/25/2020 - Attached 1008, 1003, and rental income calculations are insufficient to satisfy the exception. ** No exception cleared. Refer to original exception. Investor to confirm whether guideline interpretation is correct, lease agreements are required for properties reported on the borrowers Schedule E. QMATR 0012 Exception Remains;		 3/5/2020 - "Loans not required on Full Doc loan, we follow FNMA criteria. Bank statement component loans require lease and if not reported on tax returns". QMATR 0012 Exception Cleared; A A A A A C
202006022 580454 01/22/2020 Credit Missing proof of PITI payment on non-subject property CRED 0096 2 Acknowledged Lender did not include the XXX XXXXXXXX property in the REO.  The non-borrowing spouse is the only name on the mortgage for this property, but the borrower is a vested owner and obligated for property taxes.  Reviewer included based on the property tax amount from the FraudGuard report.   Conservative use of credit - Residual income $1,000 above the minimum required  1/29/2020 - Recd updated 1008 which appears to include the additional REO.  Exception overridden due to mitigated risk. When the property taxes are included, DTI is still within guideline tolerance.  Lender provided a post closing 1008 that appears to include the tax payment.  NBS Mortgage payment includes an escrow account.
Mitigated Risk: When the property taxes are included, DTI is still within guideline tolerance.  Lender provided a post closing 1008 that appears to include the tax payment.  NBS Mortgage payment includes an escrow account.		 B B B B B C
202006022 580456 01/22/2020 Credit Fraud report alerts have not been addressed FRAUD 0001 1 Closed The Fraud Report reflects that the xxxxx property is in a foreclosure status.  The non-borrowing spouse is solely on the mortgage, however both the borrower's businesses operate out of this location.  The impact of the foreclosure status on the businesses' ability to continue to operate has not been addressed. 02/19/2020 Conservative use of credit - Residual income $1,000 above the minimum required  1/29/2020 - Recd mortgage statement for this property which reflects attorney and FC fees.  Insufficient to address exception.  Exception remains. 2/18/2020-Notice of default has been rescinded.  Exception cleared. A A A A A C
202006022 580485 01/22/2020 Property Subject Property Address does not match Appraisal Address APPR 0008 2 Acknowledged The city name on the note does not match the Appraisal, tax bill, flood certificate, and USPS.  Unable to locate documentation supporting city name on the Note.     Conservative use of credit - Residual income $1,000 above the minimum required  1/27/2020 - Recd USPS reflecting city name as reflected on the appraisal, tax bill, flood certificate.  Exception remains pending documentation supporting the variance on the Note. Override to EV2 for immaterial issue.  
Mitigated Risk: Override to EV2 for immaterial issue.  		 B B B B B C
202006022 580506 01/22/2020 Credit Income Calculation Discrepancy CRED 0084 2 Acknowledged Reviewer's income varies from lender's due to excluded deposits in the bank statement analysis.     Conservative use of credit - Residual income $1,000 above the minimum required    Using reviewer's income the DTI is within guidelines.
Mitigated Risk: Using reviewer's income the DTI is within guidelines.		 B B B B B C
202006022 580510 01/22/2020 Credit Questionable continuation of income CRED 0045 1 Closed Social Security income received by the borrower for two other people.  When the borrower is drawing Social Security benefits from another person's account/work record, three year continuance must be documented (i.e. evidence of the beneficiaries'ages, if they are minor dependents)  02/24/2020 Conservative use of credit - Residual income $1,000 above the minimum required  2/20/2020 - Recd evidence of one party's age via Lexis Nexis search, beneficiary is not a minor.  This indicates the benefit will not expire due to maturation within 3 years of the Note date. Also received is an updated 1003 and 1008 without the SSI from the other party included in income.  Exception cleared. 2/20/2020 - Recd evidence of one party's age via Lexis Nexis search, beneficiary is not a minor.  This indicates the benefit will not expire due to maturation within 3 years of the Note date. Also received is an updated 1003 and 1008 without the SSI from the other party included in income.  Exception cleared. A A A A A C
202006023 580453 01/22/2020 Credit Missing ATR/QM Worksheet QMATR 0017 1 Closed Missing ATR/QM Worksheet with loan designation. 01/28/2020 Verified credit history - Oldest tradeline xxxxx, middle credit score 752 with no history of delinquency reported.   1/24/2020 - Exception is cleared. 1008 with lender income calculation provided confirms non-QM loan designation. QMATR 0017 Exception Cleared; A A A A A C
202006023 580466 01/22/2020 Credit Missing Employment doc (VOE) CRED 0007 1 Closed Missing VOE completed within 10 calendar days of the Note date. 01/27/2020 Verified credit history - Oldest tradeline xxxxx, middle credit score 752 with no history of delinquency reported. 1/24/2020 - Exception is cleared with the attached VVOE completed on the Note date, which is in support of the WVOE provided in file dated > 10 days prior to the Note date. CRED 0007 Exception Cleared; 1/24/2020 - Exception is cleared with the attached VVOE completed on the Note date, which is in support of the WVOE provided in file dated > 10 days prior to the Note date. CRED 0007 Exception Cleared; A A A A A C
202006024 581268 01/24/2020 Credit Discrepancy between 1003 and documentation stated and/or verified in file APP 0006 2 Acknowledged The 1003 does not reflect the borrowers are xxxxx. They are 50%/50% owners.         Client: Override to EV2 for immaterial issue. B B B B B C
202006024 581313 01/24/2020 Credit Underwriting Loan Approval is Deficient APRV 0010 1 Closed The appraised value on the approval and 1008 does not match the appraisal.   01/29/2020     1/28/2020 - Recd updated approval and 1008.  Exception cleared. A A A A A C
202006024 581318 01/24/2020 Credit Missing Letter of Explanation CRED 0104 1 Closed Missing letter of explanation for the xxxxx day lates on the borrowers' mortgage.  All housing events within 4 years of closing require a full explanation. 02/06/2020   2/5/2020 - Recd LOE signed by both borrowers.  Exception cleared. 2/5/2020 - Recd LOE signed by both borrowers.  Exception cleared. A A A A A C
202006025 582323 01/28/2020 Credit Fraud report alerts have not been addressed FRAUD 0001 1 Closed High fraud report alerts have not been addressed/cleared. 02/06/2020 Verified reserves - File contains proof of 135 months of verified reserves.; Low DTI - Low DTI of 30.30%. 2/4/2020 - Recd FraudGuard with all alerts addressed.  Exception cleared. 2/4/2020 - Recd FraudGuard with all alerts addressed.   A A A A A C
202006025 582442 01/28/2020 Credit Missing Employment doc (VOE) CRED 0007 1 Closed Updated:
Missing verification of the tax preparer's license.
Original:
Missing verification of the tax preparer's license, and internet search for business. 		 02/10/2020 Verified reserves - File contains proof of 135 months of verified reserves.; Low DTI - Low DTI of 30.30%. 2/7/2020 - Recd verification of the tax preparer's license. Exception cleared.
2/4/2020 - Recd internet search for Lending Bee Inc. Exception remains pending verification of the tax preparer's license.		 2/7/2020 - Recd verification of the tax preparer's license.  Exception cleared. A A A A A C
202006025 582446 01/28/2020 Credit Undisclosed or Excluded Debt CRED 0086 1 Closed File is missing evidence that two mortgages on additional REO have been paid in full. 02/06/2020 Verified reserves - File contains proof of 135 months of verified reserves.; Low DTI - Low DTI of 30.30%. 2/4/2020 - Recd settlement statements and CDs reflecting the payoff of the FCI #6290 mortgage and the Northpointe #4042 mortgage.  Exception cleared. 2/4/2020 - Recd settlement statements and CDs reflecting the payoff of the REO mortgages.  Exception cleared. A A A A A C
202006026 582386 01/28/2020 Compliance Missing ARM Loan Program Disclosure reflecting ARM terms that match the Note ARM 0001 1 Closed ARM Disclosure not in file, unable to confirm it was provided to the borrower and unable to confirm it reflected terms that match the Note. 02/10/2020 Low DTI - Low DTI of 37.15%.; Verified employment history - Borrower has been xxxxx as 50% owner of xxxxx for 2.16 years.   2/6/2020 - Recd evidence the ARM Loan Program Disclosure reflecting ARM terms that match the Note was provided to the borrower.  Exception cleared. A A A A A C
202006026 582387 01/28/2020 Compliance "Consumer Handbook on Adjustable Rate Mortgages" Not Provided COMP 0037 1 Closed No evidence of Consumer Handbook on Adjustable Rate Mortgages was provided to borrower.  02/10/2020 Low DTI - Low DTI of 37.15%.; Verified employment history - Borrower has been xxxxx as 50% owner of xxxxx for 2.16 years. 2/4/2020 - Recd disclosure tracking details with indication that Home Loan Toolkit was sent.  Missing is evidence the Consumer Handbook on Adjustable Rate Mortgages was provided to the borrower. 2/6/2020 - Recd evidence the Consumer Handbook on Adjustable Rate Mortgages was provided to the borrower.  Exception cleared. A A A A A C
202006026 582388 01/28/2020 Compliance Missing E-Sign Disclosure TRID 0134 1 Closed E-Sign Disclosure not in file. The borrower did sign the initial disclosures and the initial CD using e-sign, no consent documentation located in the file. 05/20/2020 Low DTI - Low DTI of 37.15%.; Verified employment history - Borrower has been xxxxx as 50% owner of xxxxx for 2.16 years. 2/4/2020 - Recd Compliance Blend report reflecting EConsent date on xxxxx.  Exception cleared. 2/4/2020 - Recd Compliance Blend report reflecting EConsent date on xxxxx.  Exception cleared. A A A A A C
202006026 582404 01/28/2020 Compliance Disclosed Finance Charge Must Be >= Actual Finance Charge - $100 TRID 0088 1 Closed The disclosed finance charge is below the actual finance charge. The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $100 below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1) 02/14/2020 Low DTI - Low DTI of 37.15%.; Verified employment history - Borrower has been xxxxx as 50% owner of xxxxx for 2.16 years. 2/12/2020 - Recd LOE from compliance attesting that the incorrect index value was issued by the LOS that affected the TIP and the finance charge, but that this CD was never provided to the borrower.  Updated PCCD with corrected values issued within 30 days of closing.  PCCD was for change in disbursement date only on this dry funding.  Exception cleared.
2/11/2020 - Recd revised CD with updated finance charge and TIP.  Exception remains pending LOE, evidence of trackable delivery, and evidence of refund.
2/4/2020 - Recd CD included with the original file.  Document does not address exception.  Finance Charge disclosed on that CD does not match calculated Finance Charge.		 2/12/2020 - Recd LOE from compliance attesting that the incorrect index value was issued by the LOS that affected the TIP and the finance charge, but that this CD was never provided to the borrower.  Updated PCCD with corrected values issued within 30 days of closing.  PCCD was for change in disbursement date only on this dry funding.  Exception cleared. A A A A A C
202006026 582405 01/28/2020 Compliance Last Closing Disclosure Total Interest Percentage (TIP) < System Calculated TRID 0077 1 Closed The Last Closing Disclosure Total Interest Percentage (TIP) is less than the system calculated TIP. The TIP is the total amount of interest that the borrower will pay over the loan term as a percentage of the note amount. It is the loan's total interest payments plus prepaid interest divided by the note amount. (12 CFR 1026.38(o)(5)) 02/14/2020 Low DTI - Low DTI of 37.15%.; Verified employment history - Borrower has been xxxxx as 50% owner of xxxxx for 2.16 years. 2/12/2020 - Recd LOE from compliance attesting that the incorrect index value was issued by the LOS that affected the TIP and the finance charge, but that this CD was never provided to the borrower.  Updated PCCD with corrected values issued within 30 days of closing.  PCCD was for change in disbursement date only on this dry funding.  Exception cleared.
2/11/2020 - Recd revised CD with updated finance charge and TIP.  Exception remains pending LOE, evidence of trackable delivery, and evidence of refund.
2/4/2020 - Recd xxxxx CD included with the original file.  Document does not address exception.  TIP disclosed on that CD does not match calculated TIP.		 2/12/2020 - Recd LOE from compliance attesting that the incorrect index value was issued by the LOS that affected the TIP and the finance charge, but that this CD was never provided to the borrower.  Updated PCCD with corrected values issued within 30 days of closing.  PCCD was for change in disbursement date only on this dry funding.  Exception cleared. A A A A A C
202006026 582895 01/29/2020 Credit Missing Required Fraud Tool CRED 0089 1 Closed Missing third party fraud verification tool with all items addressed. 02/05/2020 Low DTI - Low DTI of 37.15%.; Verified employment history - Borrower has been xxxxx as 50% owner of xxxxx for 2.16 years. 2/6/2020 - Recd fraud report with all alerts addressed.  Exception cleared. 2/6/2020 - Recd fraud report with all alerts addressed.  Exception cleared. A A A A A C
202006027 585532 02/05/2020 Property Potential Flip Transaction PROP 0007 2 Acknowledged Seller acquired the property xxxxx prior to the purchase contract date.  Purchase price is higher than seller's acquisition cost, upgrades noted in appraisal.     Verified employment history - Borrowers have been xxxxx and owners of xxxxx for 2.5 years.; Low DTI - Low DTI of 19.87%.   Client: Override to EV2 for investor acknowledged exception. B B B B B C
202006027 585545 02/05/2020 Property HPML Appraisal Requirements are Not Met APPR 0044 1 Closed The appraiser did not include an executed certification stating the appraisal was prepared in accordance with Title XI of FIRREA and any implementing regulations, as required for HPML loans. 02/14/2020 Verified employment history - Borrowers have been xxxxx and owners of xxxxx for 2.5 years.; Low DTI - Low DTI of 19.87%. 2/11/2020 - Recd revised appraisal with FIRREA verbiage.  Exception cleared. 2/11/2020 - Recd revised appraisal with FIRREA verbiage.  Exception cleared. A A A A A C
202006028 585568 02/05/2020 Credit Missing Employment doc (VOE) CRED 0007 1 Closed Updated:
Missing internet search for borrower's business.
Original:
Missing verification of the tax preparer's license, and internet search for borrower's business.		 02/14/2020 Verified employment history - Borrower has been xxxxx as CLO of xxxxx for 15 years. 2/12/2020 - Recd internet search for business.  Exception cleared.

2/6/2020 - Exception is partially cleared with the attached documentation. Still missing internet search for Lending Bee. Finding Remains;		 2/12/2020 - Recd internet search for business.  Exception cleared.
 A A A A A C
202006028 585595 02/05/2020 Credit Undisclosed or Excluded Debt CRED 0086 2 Acknowledged Per the borrower's divorce decree, child support is owed until xxxxx.  Lender did not include in monthly obligations.   Verified employment history - Borrower has been xxxxx as CLO of xxxxx for 15 years.   Reviewer included in liabilities, DTI is still within guidelines.
Mitigated Risk: Reviewer included in liabilities, DTI is still within guidelines.		 B B B B B C
202006029 585379 02/05/2020 Compliance Estimated Total Minimum/Maximum Payment Amount does not match the Disclosed Closing Disclosure Projected Payments Table (12 CFR 1026.37(b)(3)) TRID 0092 1 Closed Variance is due to property taxes, amount used by the lender appears to be for 6 months not for the full year. The Estimated Total Maximum Payment Amount in column 1 of the Disclosed Closing Disclosure Projected Payments Table does not match the value in the System Calculated Projected Payments Table.  02/27/2020   2/27/2020 - Recd Initial Escrow Account Disclosure supporting figures on page 1 of the CD.  Exception cleared. 2/27/2020 - Recd Initial Escrow Account Disclosure supporting figures on page 1 of the CD.  Exception cleared. A A A A A C
202006029 585381 02/05/2020 Compliance Initial Closing Disclosure Sent Method Not In Person and No Received Date TRID 0009 1 Closed Missing evidence the borrower received the initial CD at least 3 days prior to closing, so the mailbox rule was applied.  --The Initial Closing Disclosure was provided via (U.S. Mail). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction not later than three business days prior to the consummation date. Since the Initial Closing Disclosure was not provided in person, a consumer is considered to have received it three business days after it was delivered or placed in the mail.  (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) 02/14/2020     2/10/2020 - Recd evidence of electronic acknowledgement at least 3 days prior to closing.  Exception cleared. A A A A A C
202006029 586104 02/06/2020 Credit Income Calculation Discrepancy CRED 0084 2 Acknowledged Residual income is insufficient.         Client: Override to EV2 for investor acknowledged exception. B B B B B C
202006029 586143 02/06/2020 Credit Initial 1003 Application is Incomplete APP 0004 2 Acknowledged Missing a copy of the initial signed application, required for bank statement loans for borrower to validate stated income.  The copy in the file is only signed by the LO.       Client: Override to EV2 for investor acknowledged exception. B B B B B C
202006030 585670 02/05/2020 Compliance Missing revised LE after Change of Circumstance TRID 0172 2 Acknowledged Missing interim Loan Estimates.   Low DTI - DTI below max by 5% or greater ; Verified reserves - PITIA reserves above minimum by 6 months or higher    Client: Override to EV2 due to immaterial issue.  No fee violations. B B B B B C
202006030 585692 02/05/2020 Compliance LE or CD is Deficient TRID 0148 2 Acknowledged Missing CD that corresponds to the loan amount increase COC.   Low DTI - DTI below max by 5% or greater ; Verified reserves - PITIA reserves above minimum by 6 months or higher    Client: Override to EV2 due to immaterial issue.  No fee violations. B B B B B C
202006030 585729 02/05/2020 Credit Underwriting Loan Approval is Deficient APRV 0010 2 Acknowledged Updated:
1. 1008 reflects loan was underwritten by DU.  All files must be manually underwritten.
2. 1008 does not address agency ineligibility.
3. 1008 does not include the underwriter's name.
Original:
1. 1008 reflects the incorrect loan amount.
2. 1008 reflects loan was underwritten by DU.  No copy of this DU is in the file and all files must be manually underwritten.
3. 1008 does not address agency ineligibility.
4. 1008 does not include the underwriter's name, signature is the processor.		   Low DTI - DTI below max by 5% or greater ; Verified reserves - PITIA reserves above minimum by 6 months or higher  2/19/2020 - Recd 1008 and AUS.  Document does not reflect the loan as manually underwritten, investor guidelines require loans to be manually underwritten.  Document does not address agency ineligibility.  AUS results provided reflect approve/eligible.  Investor guidelines require all loans to have evidence of agency ineligibility.  Exception remains.
2/12/2020 - Recd 1008 with the correct loan amount.  Exception remains pending other corrections, refer to original finding.		 Client: Override to EV2 for investor acknowledged exception. B B B B B C
202006030 586237 02/06/2020 Credit Asset Documentation is Insufficient CRED 0083 2 Acknowledged Lender included XX #XXXX in verified assets, however the statements in the file were expired as of the Note date.   Low DTI - DTI below max by 5% or greater ; Verified reserves - PITIA reserves above minimum by 6 months or higher    Borrower has sufficient assets for reserves with this account excluded.
Mitigated Risk: Borrower has sufficient assets for reserves with this account excluded.		 B B B B B C
202006030 586240 02/06/2020 Credit Discrepancy between 1003 and documentation stated and/or verified in file APP 0006 2 Acknowledged The proposed payment on the 1003 signed at closing reflects incorrect P&I .   Low DTI - DTI below max by 5% or greater ; Verified reserves - PITIA reserves above minimum by 6 months or higher    Client: Override to EV2 for immaterial issue.   B B B B B C
202006030 586258 02/06/2020 Property Missing Third Party Appraisal Review APPR 0046 1 Closed Missing investor approval of value and/or third party review of the appraisal.   02/27/2020 Low DTI - DTI below max by 5% or greater ; Verified reserves - PITIA reserves above minimum by 6 months or higher  2/24/2020 - Recd desk review and investor approval.  Exception cleared. 2/24/2020 - Recd desk review and investor approval.  Exception cleared. A A A A A C
202006031 585646 02/05/2020 Credit Missing Initial 1003 Application APP 0003 1 Closed Missing initial 1003 application. 02/14/2020 Verified reserves - File contains proof of 11.77 months of verified reserves.; Verified employment history - Borrower has been xxxxx and owner of xxxxx for 4 years. 2/10/2020 - Recd initial 1003.  Exception cleared. 2/10/2020 - Recd initial 1003.  Exception cleared. A A A A A C
202006031 586483 02/07/2020 Credit Income Calculation Discrepancy CRED 0084 1 Closed Income used by the lender appears to be from the initial application.  Missing documentation to confirm the borrower's initial stated income. 02/14/2020 Verified reserves - File contains proof of 11.77 months of verified reserves.; Verified employment history - Borrower has been xxxxx and owner of xxxxx for 4 years. 2/10/2020 - Recd initial 1003.  Exception cleared. 2/10/2020 - Recd initial 1003.  Exception cleared. A A A A A C
202006031 586484 02/07/2020 Credit Missing Employment doc (VOE) CRED 0007 1 Closed Missing internet search for business.  1008 does not include any comments regarding internet search. 02/14/2020 Verified reserves - File contains proof of 11.77 months of verified reserves.; Verified employment history - Borrower has been xxxxx and owner of xxxxx for 4 years. 2/10/2020 - Recd internet search of the business.  Exception cleared. 2/10/2020 - Recd internet search of the business.  Exception cleared. A A A A A C
202006031 586486 02/07/2020 Property HPML Appraisal Requirements are Not Met APPR 0044 1 Closed The appraiser did not include an executed certification stating the appraisal was prepared in accordance with Title XI of FIRREA and any implementing regulations, as required for HPML loans. 02/27/2020 Verified reserves - File contains proof of 11.77 months of verified reserves.; Verified employment history - Borrower has been xxxxx and owner of xxxxx for 4 years. 2/25/2020 - Recd revised appraisal which includes FIRREA verbiage.  Exception cleared. 2/25/2020 - Recd revised appraisal which includes FIRREA verbiage.  Exception cleared. A A A A A C
202006032 590638 02/18/2020 Credit Income Documentation is Insufficient CRED 0082 2 Acknowledged Updated:
Missing YTD P&L for borrower's xxxxx businesses.		   Low LTV/CLTV/HCLTV - Low LTV of 70%.; Verified reserves - File contains proof of 292 months of verified reserves. 3/2/2020 - Recd P&L for main business.  Also received investor waiver for other P&Ls.  Exception verbiage updated and downgraded to a 2. Client: Override to EV2 for investor acknowledged exception. B B B B B C
202006033 593582 02/24/2020 Compliance Missing Affiliated Business Disclosure COMP 0010 2 Acknowledged Missing Affiliated Business Disclosure, Privacy Notice lists affiliates   Verified reserves - File contains proof of 14 months of verified reserves.; Verified employment history - Borrower has been employed with xxxxx as a xxxxx for 3.68 years.; No Apparent Right to Statutory Damages - No Assignee Liability.   No affiliates were used on the transaction per the final CD (xxxxx).
Mitigated Risk: No affiliates were used on the transaction per the final CD (xxxxx).		 B B B B B C
202006033 593586 02/24/2020 Compliance Missing Evidence of Re-disclosure and a valid COC for an increase in the "Cannot Increase Category" fee(s) from the prior disclosed Loan Estimate/Closing Disclosure TRID 0195 1 Closed Missing COC for the addition of the discount points.  The amounts disclosed on the last Closing Disclosure for the following fee(s) have increased above the amount disclosed on the Loan Estimate: Loan Discount. Each fee within the Cannot Increase category cannot increase unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). 03/03/2020 Verified reserves - File contains proof of 14 months of verified reserves.; Verified employment history - Borrower has been employed with xxxxx as a xxxxx for 3.68 years.; No Apparent Right to Statutory Damages - No Assignee Liability. 3/2/2020 - Recd COC for the lender credit and discount points change.  Exception cleared. 3/2/2020 - Recd COC for the lender credit and discount points change.  Exception cleared. A A A A A C
202006033 593588 02/24/2020 Compliance Missing Evidence of Re-disclosure and a valid COC for the sum of non-specific (lump sum) lender credits and specific lender credits ($) that have decreased from the amount disclosed on the Loan Estimate/Closing Disclosure.   TRID 0121 1 Closed Missing COC for the removal of lender credits on the final CD.  The sum of non-specific (lump sum) lender credits and specific lender credits has decreased from the amount disclosed on the Loan Estimate. Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure. (12 CFR 1026.19e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). 03/03/2020 Verified reserves - File contains proof of 14 months of verified reserves.; Verified employment history - Borrower has been employed with xxxxx as a xxxxx for 3.68 years.; No Apparent Right to Statutory Damages - No Assignee Liability. 3/2/2020 - Recd COC for the lender credit and discount points change.  Exception cleared. 3/2/2020 - Recd COC for the lender credit and discount points change.  Exception cleared. A A A A A C
202006033 594929 02/27/2020 Credit Missing Divorce Decree and/or Separation Agreement DD 0001 1 Closed Missing Divorce Decree or court order documenting the Alimony/Child Supprt/Separate Maintenance Payments paid by the borrower.  The file appears to include one page but it does not address maintenance/CS/alimony and is not the complete agreement. 03/03/2020 Verified reserves - File contains proof of 14 months of verified reserves.; Verified employment history - Borrower has been employed with xxxxx as a xxxxx for 3.68 years.; No Apparent Right to Statutory Damages - No Assignee Liability. 2/28/2020 - Recd Divorce Decree and settlement agreement reflecting child support.  Exception cleared. 2/28/2020 - Recd Divorce Decree and settlement agreement reflecting child support.  Exception cleared. A A A A A C
202006033 594939 02/27/2020 Credit Missing Letter of Explanation CRED 0104 1 Closed Missing LOE from borrower for the deed in lieu. 03/03/2020 Verified reserves - File contains proof of 14 months of verified reserves.; Verified employment history - Borrower has been employed with xxxxx as a xxxxx for 3.68 years.; No Apparent Right to Statutory Damages - No Assignee Liability. 2/28/2020 - Recd LOE for DIL.  Exception cleared. 2/28/2020 - Recd LOE for DIL.  Exception cleared. A A A A A C