EX-99.55 56 ex99-55.htm MAXWELL STANDARD EXCEPTIONS REPORT

 

MFA 2024-NQM1 Trust ABS-15G

EXHIBIT 99.55

 

Loan ID Customer Loan ID Seller Loan ID Note Date Original Loan Amount Last Name Property State Occupancy Purpose Originator QM Status TPR QM Status Exception ID Exception Number Exception Date Exception Type Exception Subcategory Exception Exception Remedy Rebuttal TPR Response Compensating Factors Status Update Date Finding Status Initial Exception Grade Final Exception Grade Initial Loan Grade Final Loan Grade
75278 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1315494 1 of 3 2023-12-14 20:13 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2023-12-15 20:31 Cleared 1 1 1 1
75278 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1320938 2 of 3 2023-12-18 15:11 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2023-12-18 15:11 Cleared 1 1 1 1
75278 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1321808 3 of 3 2023-12-18 20:05 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2023-12-18 20:05 Cleared 1 1 1 1
75279 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1320912 1 of 4 2023-12-18 14:58 Compliance TRID: Missing Final Closing Disclosure The loan file does not contain the Final Closing Disclosure. Final Closing Disclosure  is missing.  A Compliance report cannot be processed until the requested material document(s) are received, which may result in additional Findings



  Document Uploaded.  - 01/16/2024

 Document Uploaded.  - 01/11/2024

 Documentation provided is sufficient. FCD issued for consummation funding XXXX received, data entered, compliance report ran, no additional findings - 01/16/2024
TRID: Final Closing Disclosure Provided - 01/16/2024
Finding Upheld: Documentation provided is for a different property/file/borrower. - 01/12/2024
   2024-01-16 18:45 Resolved 4 1 4 2
75279 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1320916 2 of 4 2023-12-18 15:00 Compliance Post Consummation CD Required Post Consummation Closing Disclosure for funding after Rescission period has not been provided.

  Uploaded in other condition :) - 01/16/2024

 Document Uploaded.  - 01/11/2024

 Documentation provided is sufficient. FCD issued for consummation funding XXXX received, data entered, compliance report ran, no additional findings - 01/16/2024
Finding Upheld: Documentation provided is for a different property/file/borrower. - 01/12/2024
   2024-01-16 18:45 Resolved 3 1 4 2
75279 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1321023 3 of 4 2023-12-18 15:42 Credit Program Parameters - Guidelines Conformity The subject loan does not conform to program guidelines. The guidelines allow for a maximum combined loan amount of $XXXX.  The subject 1st lien is $XXXX plus the subject loan of $XXXX is $XXXX.  The lock confirmation reflects a guideline exception was granted, however is not in the file.  Missing formal exception.

  Document Uploaded.  - 01/08/2024

 The guidelines allow for a maximum combined loan amount of $XXXX.  A formal exception was provided in rebuttal allowing the combined loan amounts of $XXXX.  - 01/09/2024
 The exception was approved based on a combined loan to value of 33.7, a credit score of 701, a debt to income of 27.4%, and ownership of the property for 27 years.
 2024-01-09 15:50 Waived 3 2 4 2
75279 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1321024 4 of 4 2023-12-18 15:43 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2023-12-18 15:43 Cleared 1 1 4 2
75280 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1318106 1 of 3 2023-12-15 20:55 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2023-12-15 20:55 Cleared 1 1 1 1
75280 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1320988 2 of 3 2023-12-18 15:36 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2023-12-18 15:36 Cleared 1 1 1 1
75280 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1321803 3 of 3 2023-12-18 20:04 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2023-12-18 20:04 Cleared 1 1 1 1
75705 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1374735 1 of 3 2024-01-17 01:49 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-17 01:49 Cleared 1 1 2 2
75705 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1374742 2 of 3 2024-01-17 01:54 Credit Program Parameters - Guidelines Conformity The subject loan does not conform to program guidelines. Per guidelines, rural properties are ineligible. Per the appraisal, the subject property is located in a rural area. A formal exception is located in the loan file.  



       DTI is 29.199/42.722. Good credit score with no lates. CLTV is 43.414. The property is only XXXX acres. Increasing property values with marketing time under 3 months. The borrower has lived in the property since XXXX. 2024-01-17 21:55 Waived 2 2 2 2
75705 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1375458 3 of 3 2024-01-17 13:50 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-17 13:50 Cleared 1 1 2 2
75282 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1353941 1 of 3 2024-01-04 19:45 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-04 19:45 Cleared 1 1 1 1
75282 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1355872 2 of 3 2024-01-05 13:29 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-05 13:29 Cleared 1 1 1 1
75282 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1356465 3 of 3 2024-01-05 16:19 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-05 16:19 Cleared 1 1 1 1
75706 XXXX   XXXX XXXX XXXX OR Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1374248 1 of 3 2024-01-16 20:40 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-17 18:12 Cleared 1 1 1 1
75706 XXXX   XXXX XXXX XXXX OR Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1375760 2 of 3 2024-01-17 15:37 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-17 15:37 Cleared 1 1 1 1
75706 XXXX   XXXX XXXX XXXX OR Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1375761 3 of 3 2024-01-17 15:38 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-17 15:38 Cleared 1 1 1 1
75707 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1354584 1 of 3 2024-01-04 22:08 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-04 22:08 Cleared 1 1 2 2
75707 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1356769 2 of 3 2024-01-05 17:31 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-05 17:31 Cleared 1 1 2 2
75707 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1357099 3 of 3 2024-01-05 18:41 Credit Audited Loan Amount is greater than Guideline Maximum Loan Amount Audited loan amount is greater than the guideline Maximum loan amount. Per guidelines, the maximum loan amount on a cash out refinance for a borrower with a 675 FICO score is $XXXX. The loan was approved with a loan amount of $XXXX.  Formal exception is in the loan file.  

       Residual Income of $XXXX/month, DTI of 30.3% which is 19.7% lower than the maximum of 50.0%.  Borrower has a 0 x30x24 months mortgage payment history. 2024-01-05 23:02 Waived 2 2 2 2
75708 XXXX   XXXX XXXX XXXX HI Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1354847 1 of 3 2024-01-05 01:13 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-05 01:13 Cleared 1 1 1 1
75708 XXXX   XXXX XXXX XXXX HI Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1355900 2 of 3 2024-01-05 13:37 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-05 13:37 Cleared 1 1 1 1
75708 XXXX   XXXX XXXX XXXX HI Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1356615 3 of 3 2024-01-05 16:54 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-05 16:54 Cleared 1 1 1 1
75709 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1373797 1 of 3 2024-01-16 17:56 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-16 17:56 Cleared 1 1 3 1
75709 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1375456 2 of 3 2024-01-17 13:48 Compliance Other Compliance Finding Closing Disclosure issued XXXX, Page 5 Loan Calculations table, has blurred/illegible Total of Payments and Finance Charge amounts.  Please provide a clean, legible copy of page 5 of this CD.  *** This loan is subject to further review and potential findings upon receipt of the requested document. ***
  Document Uploaded. Here is a copy of the un-signed version that is legible.  Let me know if this is ok :) - 01/18/2024

 Documents received are sufficient.  - 01/19/2024

   2024-01-19 21:23 Resolved 3 1 3 1
75709 XXXX   XXXX XXXX XXXX FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1375503 3 of 3 2024-01-17 14:11 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-17 14:11 Cleared 1 1 3 1
75284 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1354129 1 of 3 2024-01-04 20:16 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-05 13:43 Cleared 1 1 1 1
75284 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1357619 2 of 3 2024-01-05 22:00 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-05 22:00 Cleared 1 1 1 1
75284 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1357620 3 of 3 2024-01-05 22:01 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-05 22:01 Cleared 1 1 1 1
75710 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1390707 1 of 3 2024-01-24 19:48 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-25 13:59 Cleared 1 1 1 1
75710 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1391161 2 of 3 2024-01-24 22:26 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-24 22:26 Cleared 1 1 1 1
75710 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1391217 3 of 3 2024-01-24 22:56 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-24 22:56 Cleared 1 1 1 1
75711 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1373920 1 of 3 2024-01-16 18:42 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-16 18:42 Cleared 1 1 1 1
75711 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1376982 2 of 3 2024-01-17 21:02 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-17 21:02 Cleared 1 1 1 1
75711 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1377402 3 of 3 2024-01-18 00:04 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-18 00:04 Cleared 1 1 1 1
75712 XXXX   XXXX XXXX XXXX CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt 1374222 1 of 3 2024-01-16 20:32 Compliance Missing HUD-1 Closing Statement Final HUD-1 Document is Missing.

  Document Uploaded.  - 01/19/2024

 Received final settlement statement. - 01/22/2024

   2024-01-22 14:14 Resolved 4 1 4 1
75712 XXXX   XXXX XXXX XXXX CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt 1375882 2 of 3 2024-01-17 16:14 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-17 16:14 Cleared 1 1 4 1
75712 XXXX   XXXX XXXX XXXX CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt 1377207 3 of 3 2024-01-17 22:13 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-17 22:13 Cleared 1 1 4 1
75285 XXXX   XXXX XXXX XXXX WA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1354249 1 of 3 2024-01-04 20:43 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-04 20:43 Cleared 1 1 1 1
75285 XXXX   XXXX XXXX XXXX WA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1354250 2 of 3 2024-01-04 20:44 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-04 20:44 Cleared 1 1 1 1
75285 XXXX   XXXX XXXX XXXX WA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1354254 3 of 3 2024-01-04 20:44 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-05 14:19 Cleared 1 1 1 1
75286 XXXX   XXXX XXXX XXXX AZ Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1357283 1 of 3 2024-01-05 19:30 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-05 19:30 Cleared 1 1 1 1
75286 XXXX   XXXX XXXX XXXX AZ Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1357689 2 of 3 2024-01-05 22:37 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-05 22:37 Cleared 1 1 1 1
75286 XXXX   XXXX XXXX XXXX AZ Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1357695 3 of 3 2024-01-05 22:43 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-05 22:43 Cleared 1 1 1 1
75713 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1373874 1 of 3 2024-01-16 18:26 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-16 18:26 Cleared 1 1 1 1
75713 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1373876 2 of 3 2024-01-16 18:26 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-16 18:26 Cleared 1 1 1 1
75713 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1373878 3 of 3 2024-01-16 18:26 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-16 18:26 Cleared 1 1 1 1
75714 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1374124 1 of 3 2024-01-16 19:56 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-16 19:56 Cleared 1 1 1 1
75714 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1376940 2 of 3 2024-01-17 20:47 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-17 20:47 Cleared 1 1 1 1
75714 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1377403 3 of 3 2024-01-18 00:06 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-18 00:06 Cleared 1 1 1 1
75715 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1390375 1 of 3 2024-01-24 18:21 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-25 18:26 Cleared 1 1 1 1
75715 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1390744 2 of 3 2024-01-24 20:01 Property No Property Findings Loan meets applicable appraisal guidelines.

        2024-01-24 20:01 Cleared 1 1 1 1
75715 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1390997 3 of 3 2024-01-24 21:21 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-24 21:21 Cleared 1 1 1 1
75716 XXXX   XXXX XXXX XXXX FL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1373547 1 of 4 2024-01-16 16:43 Compliance TRID: Missing Final Closing Disclosure The loan file does not contain the Final Closing Disclosure.

    Maxwell received final CD. - 01/22/2024

TRID: Final Closing Disclosure Provided - 01/22/2024

   2024-01-22 14:29 Resolved 4 1 4 2
75716 XXXX   XXXX XXXX XXXX FL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1373569 2 of 4 2024-01-16 16:47 Compliance Missing Initial Escrow Disclosure Initial Escrow Account Disclosure is missing.

  Document Uploaded. Please see attached correct closing pkg.  The one initially uploaded was for the wrong borrower.  Sorry about that :/ - 01/19/2024

 Maxwell received IEADS. - 01/22/2024

Initial Escrow Account Disclosure is Resolved - 01/22/2024

   2024-01-22 14:29 Resolved 2 1 4 2
75716 XXXX   XXXX XXXX XXXX FL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1373617 3 of 4 2024-01-16 17:01 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-16 17:01 Cleared 1 1 4 2
75716 XXXX   XXXX XXXX XXXX FL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1375815 4 of 4 2024-01-17 15:54 Credit Housing History Does Not Meet Guideline Requirements Housing history does not meet guideline requirements. The guidelines require a complete housing payment history, which is unable to be documented.  A formal exception is in the file.



      The exception was approved due to an 810 credit score, over 40 months of reserves, and previous satisfactory mortgage history. 2024-01-17 22:07 Waived 2 2 4 2
75717 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1375329 1 of 3 2024-01-17 12:26 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-17 12:26 Cleared 1 1 3 1
75717 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1375330 2 of 3 2024-01-17 12:26 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-17 12:26 Cleared 1 1 3 1
75717 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1375331 3 of 3 2024-01-17 12:29 Credit Income - Guideline Requirements The income documents provided in the loan file did not meet guidelines. Guidelines indicate that the minimum expense factor with a CPA letter is 20%. The XXXX letter in the loan file states that the expense factor is 11%, which was used in the income calculator per the bank statement income worksheet provided in the loan file, resulting in a calculated income of $XXXX, and a DTI of 48.94%. The resulting audited DTI utilizing the minimum expense factor of 20%, is 54.45%, based on a verified income of $XXXX.

  Please confirm u/w to the XXXX  guides and not XXXX :) - 01/19/2024
 Finding void. Correct guidelines do not have a restriction do not have a minimum expense factor with a CPA letter.  - 01/19/2024

   2024-01-19 18:42 Void 3   3 1
75718 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1383101 1 of 3 2024-01-20 20:35 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-20 20:35 Cleared 1 1 3 1
75718 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1383102 2 of 3 2024-01-20 20:35 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-20 20:35 Cleared 1 1 3 1
75718 XXXX   XXXX XXXX XXXX CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1387435 3 of 3 2024-01-23 17:11 Compliance Federal - Right of Rescission (Loan Disbursement Violation) (TILA) The loan disbursement date (XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) . Post Consummation Closing Disclosure  for funding after Rescission period was not provided.

  Document Uploaded.  - 01/24/2024

 Documentation provided is sufficient. PCCD received, data entered, compliance report ran, no additional findings - 01/24/2024

   2024-01-24 20:34 Resolved 3 1 3 1
75719 XXXX   XXXX XXXX XXXX WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1387495 1 of 3 2024-01-23 17:27 Compliance Missing Warranty / Transfer Deed Warranty / Transfer Deed is not provided. Vesting Deed from XXXX, as his separate estate and XXXX, XXXX, dated XXXX, as their interest may appear to XXXX has not been provided.

  Document Uploaded.  - 01/24/2024

 Documentation provided is sufficient. Warranty Deed received.  - 01/24/2024

   2024-01-24 20:27 Resolved 4 1 4 1
75719 XXXX   XXXX XXXX XXXX WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1387562 2 of 3 2024-01-23 17:49 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-23 17:49 Cleared 1 1 4 1
75719 XXXX   XXXX XXXX XXXX WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1388693 3 of 3 2024-01-23 22:44 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-23 22:44 Cleared 1 1 4 1
75721 XXXX   XXXX XXXX XXXX CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1387317 1 of 3 2024-01-23 16:26 Credit No Credit Findings The loan meets all applicable credit guidelines.

        2024-01-23 16:26 Cleared 1 1 1 1
75721 XXXX   XXXX XXXX XXXX CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1387318 2 of 3 2024-01-23 16:27 Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2024-01-23 16:27 Cleared 1 1 1 1
75721 XXXX   XXXX XXXX XXXX CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 1387586 3 of 3 2024-01-23 18:00 Property Value - Value is supported within 10% of original appraisal amount The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.

        2024-01-23 18:00 Cleared 1 1 1 1