EX-99.23 24 tm222891d1_ex99-23.htm INFINITY FINDINGS DETAIL REPORT

 

EXHIBIT 99.23

 

infinity findings detail REPORT

 

 

 

 

Loan Number 2 Loan Number 1 Borrower Last Name Property State Note Date Loan Purpose TPR QM ATR Status Initial Overall Loan Grade Final Overall Loan Grade Exception Category Exception Subcategory Exception Code Final Exception Status Initial Exception Grade Final Exception Grade Exception Exception Detail Follow-up Comments (Exception Response) Exception Conclusion Comments Compensating Factors Curable Status Loan Status Review Date Cleared Date Cured Date Exception Date
757839 xxxxxx xxxxxx xxxxxx xxxxxxx Purchase Not Covered/Exempt 2 1 Credit Underwriting xxxxxx Resolved 3 1 * The final 1008 is missing (Lvl R) 1008 Document is missing in this file. 12/3/2021 - Received 1008 12/3/2021 - Received 1008   Condition Flag: Cure requested QC Complete 09/08/2021 12/03/2021 12/03/2021 09/07/2021
757709 xxxxxx xxxxxx xxxxxx xxxxxxx Purchase Non-QM/Compliant 2 2 Compliance Compliance xxxxxx Active 2 2 * ComplianceEase Risk Indicator is "Elevated" (Lvl 2) This loan failed Higher-priced mortgage loan test as Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.
While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional
requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced
mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test FAIL : Charged 5.512% Allowed 4.410%  Over by+1.102%		         QC Complete 09/10/2021     09/09/2021
757709 xxxxxx xxxxxx xxxxxx xxxxxxx Purchase Non-QM/Compliant 2 2 Compliance Compliance xxxxxx Active 2 2 * State/Local Predatory APR Test Fail (Lvl 2) This loan failed the CA AB 260 higher-priced mortgage loan test.

CA AB 260 Higher-Priced Mortgage Loan Test FAIL : Charged 5.512% Allowed 4.410%  Over by+1.102%		         QC Complete 09/10/2021     09/09/2021
757897 xxxxxx xxxxxx xxxxxx xxxxxxx Cash Out Non-QM/Compliant 1 1 Credit Underwriting xxxxxx Active 3 1 * The final 1008 is missing (Lvl 1) Loan amount on Final 1008 is incorrect. Loan amount per note is xxxxxx. As per Final 1008 loan amount is xxxxxx. Citing this as informational as final loan approval certificate reflect the loan amount as xxxxxx.         QC Complete 09/13/2021     09/17/2021
757897 xxxxxx xxxxxx xxxxxx xxxxxxx Cash Out Non-QM/Compliant 1 1 Data Edit Data Edit xxxxxx Active 2 1 * Loan amount on Application differs from the Original Balance (Lvl 1) Loan amount on Final Application is incorrect. Loan amount per note is xxxxxx, however Final 1003 reflecting loan amount as xxxxxxx. Final 1003 require to be corrected.         QC Complete 09/13/2021     09/08/2021
757903 xxxxxx xxxxxx xxxxxx xxxxxxx Refinance Non-QM/Compliant 2 2 Compliance Compliance xxxxxx Active 2 2 * ComplianceEase Risk Indicator is "Elevated" (Lvl 2) This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.         QC Complete 09/16/2021     09/15/2021
757885 xxxxxx xxxxxx xxxxxx xxxxxxx Purchase Non-QM/Compliant 2 2 Compliance Compliance xxxxxx Active 2 2 * State/Local Predatory APR Test Fail (Lvl 2) This loan failed the CA AB 260 higher-priced mortgage loan test.

CA AB 260 Higher-Priced Mortgage Loan Test FAIL : Charged 5.927%  Allowed 4.420%  Over by +1.507%		         QC Complete 09/17/2021     09/14/2021
757885 xxxxxx xxxxxx xxxxxx xxxxxxx Purchase Non-QM/Compliant 2 2 Compliance Compliance xxxxxx Active 2 2 * ComplianceEase Risk Indicator is "Elevated" (Lvl 2) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z         QC Complete 09/17/2021     09/14/2021
757889 xxxxxx xxxxxx xxxxxx xxxxxxx Purchase Non-QM/Compliant 2 2 Compliance Compliance xxxxxx Active 2 2 * ComplianceEase Risk Indicator is "Elevated" (Lvl 2) This loan failed the higher-priced mortgage loan test as Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.
Higher-Priced Mortgage Loan Test FAIL: charged 6.304% allowed  4.420% over by+1.884%		         QC Complete 09/16/2021     09/15/2021
757889 xxxxxx xxxxxx xxxxxx xxxxxxx Purchase Non-QM/Compliant 2 2 Compliance Compliance xxxxxx Active 2 2 * State/Local Predatory APR Test Fail (Lvl 2) This loan failed the CA AB 260 Higher-Priced Mortgage Loan Test.  CA AB 260 Higher-Priced Mortgage Loan Test FAIL: charged 6.304% allowed 4.420% over by +1.884%         QC Complete 09/16/2021     09/15/2021